India’s retail inflation data for August is expected later today; estimates point to a figure below 3.5%.

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

The formation of a white candle on the daily chart, coupled with the index closing above the previous day's level, indicates continued bullish sentiment.

Crude oil prices fell below $70, signalling a potential slowdown in global economic growth, which is not a positive sign for the markets.

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

From a technical perspective, momentum indicators reflect a negative bias as the Nifty remains below its short-term moving averages.

Supported by positive global cues, the markets expect further gains on Tuesday.

The gains can be attributed to value buying in select heavyweight stocks.

Excluding FMCG, all sectors experienced losses early in the morning session.