The rally was driven by the banking and IT sectors, with additional support from the auto pack, propelling the frontline indices to new record fresh milestones.

The Nifty 50 index fell by 0.50 percent, slipping below the 25,000 mark to close at 24,915 points.; notable gainers included Bajaj Auto, LTI Mindtree, Asian Paints, Bajaj Finance, and Britannia Industries.

Volatility after an Initial Decline, Markets Rebound

Mid- and small-cap stocks saw a morning surge of over 1%, but gains faded gradually.

Traders should remain cautious; and, closely monitor key levels for potential trading opportunities. 

More bad news ahead; foreign cues turn negative; gold surges; US tech stocks are continuing to decline, which could impact today’s trading.

Reliance board is expected to approve a 1:1 bonus issue today; rubber price cut by January predicted

For Nifty to maintain a positive trend, it must surpass the intraday resistance level of 25,230. 

Global turbulence did not reflect on Indian markets as strongly, indicating that foreign funds no longer drive the Indian markets.

The primary reason for this resilient response is the active participation of domestic funds and investors.