The key equity indices ended with limited losses on Tuesday. The Nifty settled below the 25,100 level after hitting the day’s high of 25,212.05 in early trade. 
The S&P BSE Sensex was down 152.93 points or 0.19% to 81,820.12. The Nifty 50 index fell 70.60 points or 0.28% to 25,057.35. 

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.25% and the S&P BSE Small-Cap index gained 1.05%. The market breadth was positive 

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.05% to 13. 

Among the sectoral indices, the Nifty Realty index (up 2.05%) the Nifty Media index (up 0.62%) and the Nifty Consumer Durables index (up 0.43%) outperformed the Nifty 50 index. 

Meanwhile, the Nifty Metal index (down 1.44%), the Nifty Auto index (down 0.83%) and the Nifty Pharma index (down 0.52%) underperformed the Nifty 50 index. 

Economy : 

The Government of India (GoI) has announced the sale (re-issue) of (i) “7.02% Government Security 2031” for a notified amount of Rs 10,000 crore (nominal) through price based auction using multiple price method, (ii) “7.23% Government Security 2039” for a notified amount of Rs 13,000 crore (nominal) through price based auction using multiple price method and (iii) “7.09% Government Security 2054” for a notified amount of Rs 10,000 crore (nominal) through price based auction using multiple price method. 

GoI will have the option to retain additional subscription up to Rs 2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 18, 2024 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. 

Numbers to Track: 

The yield on India's 10-year benchmark federal paper shed 0.10% to 6.887 as compared with previous close 6.894. 

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.0325, compared with its close of 84.0500 during the previous trading session. 

MCX Gold futures for 5 December 2024 settlement rose 0.19% to Rs 76,194. 

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.20% to 103.09. 

The United States 10-year bond yield slipped 1.46% to 4.065. 

In the commodities market, Brent crude for November 2024 settlement lost $3.70 or 4.78% to $73.76 a barrel. 

Global Markets: 

Most European shares declined on Tuesday. The U.K.’s statistics agency said average wages excluding bonuses rose 4.9% year on year across June to August, cooling slightly from 5.1% in May to July. 

Most Asian stocks ended higher tracking record highs on Wall Street as the third-quarter earnings season approached, while Chinese stocks fell amid waning optimism over new fiscal stimulus. 

Investors assessed trade data out of South Korea, which showed trade surplus surging to $6.7 billion in September, up from $3.7 billion in August. 

Japanese shares climbed as sentiment was buoyed by reports that Tokyo Metro raised $2.3 billion in the country’s biggest initial public offering in six years. 

A rally in technology shares spurred record highs on Wall Street on Monday, with focus turning to a string of key upcoming earnings and economic readings. The S&P 500 rose 0.77% to a record high of 5,859.85 points, while the Dow Jones Industrial Average rose 0.47% to a record high of 43,065.22 points on Monday. The NASDAQ Composite rose 0.87% to 18,502.64, and was back in sight of peaks hit earlier this year. 

Investors will watch for crucial economic data this week, notably the September retail sales figures, for clues on the financial health of U.S. consumers.