If Nifty manages to hold above 25,100, it could test the next short-term resistance at 25,500 in the coming sessions. 

From a technical perspective, momentum indicators continue to signal a bearish trend, as the index remains below its short-term moving averages

Anticipations for second-quarter results from companies are not particularly optimistic, and foreign investors selling off assets to move to China could further depress the market.

In light of Ratan Tata's passing, TCS has postponed its result announcement originally scheduled for today, with a new date to be confirmed later