The Nifty-50 index has important support near 24000 zone failing which it can retest the crucial zone of the 200 period moving average at 23500 levels, said experts

India stocks were lower after the close on Tuesday, as losses in the Power, Public Sector Undertakings and Capital Goods sectors led shares lower. At the close in NSE, the Nifty 50 lost 1.23% to hit a new 3-months low,

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The Nifty 50 closed the session with a decline of 0.11%, settling at 24,122 points. The S&P BSE Sensex closed 14.16 points, or 0.02%, lower at 79,472.

Indian blue-chip indices, the Sensex and Nifty50, opened lower for the third straight session on Monday, as concerns over weak earnings and persistent foreign outflows continued to weigh on domestic equities.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,130 level, a discount of nearly 90 points from the Nifty futures’ previous close.

Investors are closely watching the movements of Foreign Institutional Investors (FIIs) as global markets react to recent developments, including Donald Trump's victory in the US elections and China’s restrained approach to economic stimulus.

Indian stock markets opened higher on Monday, driven by gains in Tata Motors and Asian Paints, but traded with caution ahead of key corporate earnings reports. Despite the initial surge, technical indicators suggest continued market volatility and consolidation in the near term.

At opening bell, the BSE Sensex was down 418.99 points, or 0.53 per cent, at 79,067; while the Nifty 50 was at 24,036, down 112.10 points, or 0.46 per cent. With Republican candidate Donald Trump emerging as the President-elect of the US,