Concerns about declining bank profitability also remain, but analysts suggest the market could recover if a Diwali stimulus like an interest rate cut is announced.

From a technical perspective, momentum indicators continue to signal a negative trend, as Nifty remains  below its short and medium-term moving averages

Analysts forecast a single-digit growth for the auto industry this year, indicating ongoing challenges and a tough market environment ahead.

On the technical front, momentum indicators point to a continuation of the bearish trend, with Nifty  trading below its short- and medium-term moving averages

A marginal increase in exports for September provides limited comfort, although a decrease in trade deficit due to reduced imports is noted.

The government's move to sell satellite spectrum without auction faces backlash from telecom firms and Elon Musk's Starlink, but may benefit mobile expansion

On Tuesday, the Indian market closed lower, dragged down by declines in the metals, auto, IT, and pharmaceutical sectors, along with big players like Reliance, Bajaj Finance, and HDFC Life.

Momentum indicators continue to signal a negative trend as Nifty remains below its medium-term  moving averages

Indices fluctuate as Angel One rises 10%, Gopal Snacks falls 2%. Oil prices impact sectors, and gold drops to $2,647 amid a strengthening dollar.

Retail revenue remained stagnant, although profits in the digital services segment grew by 15 percent. Analysts do not expect significant changes in the upcoming quarter, which may keep the stock price low