Despite gaining on Monday, the Nifty 50 faces challenges from weak earnings and high valuations. While a relief rally is possible, experts caution that reclaiming the 26,000 mark by year-end may be difficult without stronger Q3 results.

The Bears bandwagon has continued in the market for the seventh consecutive day. Among the key reasons for the decline are downgrades in major stocks for FY25, coupled with consistent foreign investor outflow,

After a seven-session losing streak, Indian indices rebounded on November 19. The BSE Sensex gained 838.5 points, and Nifty50 rose 256 points, with all sectors showing positive movement. Analysts caution about the sustainability of this recovery amid ongoing selling pressure.

M&M, Trent, Tech Mahindra, HDFC Bank and Eicher Motors are among the top gainers on the Nifty, while losers are SBI Life Insurance, HDFC Life, Reliance Industries, Tata Consumer and Hindalco.

Infosys, Reliance Industries, HDFC Bank, Mahindra & Mahindra and Tata Consultancy Services (TCS) contributed most to the Sensex rise today. Tata Motors and M&M rose over 2 per cent each and led the Sensex gainers.

The Nifty IT index closed on a note on Tuesday. Shares of Tech Mahindra Ltd.(up 2.34 per cent), Wipro Ltd.(up 1.66 per cent), Coforge Ltd.(up 1.38 per cent), Persistent Systems Ltd.(up 1.14 per cent) and MphasiS Ltd.

The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,550 level, a premium of nearly 35 points from the Nifty futures’ previous close.