The Nifty 50 has entered correction mode, down over 11% from its peak. Investors are booking profits amid negative sentiment. InCred Equities lowered its target, citing concerns over RBI rate cuts and EPS growth,

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 24,221.90, while Sensex ended at 80,109.85. Overnight, Wall Street indices ended higher,

HDFC Bank, Bajaj Finance, Reliance and Bharti Airtel were the lead gainers among the Sensex 30; while TCS slipped in Tuesday's early trade.

Meanwhile, the NSE Nifty 50 index rose by more than 100 points, or 0.5%, to reach 24,340. “The two-day rally in the market is unlikely to be sustained, as earnings concerns remain a significant headwind.

The Nifty 50 is expected to open negatively on November 26 due to selling pressure and weak global cues. Despite recent gains, market experts cite concerns over foreign capital outflows and geopolitical tensions.

ONGC, BEL, BPCL, and Shriram Finance were among the top gainers on the Nifty index. JSW Steel, Tech Mahindra, Infosys, Maruti, Bajaj Auto were among the top losers.