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RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

Vinit Bolinjkar, Head of Research at Ventura Securities, suggests waiting until the Supreme Court hearing on the Hindenburg Report on October 13 before investing in Adani stocks. He also mentions that the Middle East tensions are impacting Adani Ports, which relies heavily on debt. However, Bolinjkar believes that once the tensions settle, there will be a resurgence in PSU bank stocks. He advises staying away from Delta Corp due to unresolved GST payment issues and recommends considering diagnostic companies like Lal PathLabs and Metropolis for potential growth.

The Nifty IT index closed 0.1 per cent down at 32308.55.

The automaker is planning capital expenditure amounting to approximately Rs 1.25 lakh crore until 2030-31. The expansion plan involves expanding its current product lineup from 17 models to 28, while increasing its production capacity.

"The stock market and investors are focused on two things, the economy and earnings. The U.S. economy is not slowing and earnings are expected to come out of a recession with reports starting this week," Augustine said.

While Israel produces very little crude oil, markets worried that if the conflict escalates it could hurt Middle East supply and worsen an expected deficit for the rest of the year.

Top Fed officials indicated on Monday that rising Treasury yields could steer the Fed from further rate increases, helping to spur a rise in bond prices after those markets had been closed the previous day in the U.S. and Tokyo.

The conflict is threatening more volatility for investors, adding to uncertainty ahead of corporate earnings season and crucial U.S. inflation data later in the week.