The Indian stock market is facing a downturn, with the Nifty Finance Index experiencing a significant correction over the past week, nearing critical support levels at 23,000 and 22,500. The equity market has extended losses for six consecutive sessions, driven by Foreign Institutional Investors (FIIs) adopting a bearish outlook on Indian stocks, while retail and proprietary traders are taking bullish positions. Notably, Tata Motors' shares dropped 3.68% to an intraday low of Rs 893.90 on October 8, 2024, following disappointing sales figures for Jaguar Land Rover (JLR), which reported a 7% decline in production and a 3% fall in retail sales for Q2. The Tata Motors Group's global wholesales also fell by 11% to 304,189 units in the same quarter. Meanwhile, technical analysis suggests that heavyweights like TCS and Infosys are favorably positioned, while Wipro may face downward pressure. Investors are advised to watch various stocks, including Reliance Industries and Tata Motors, as well as to avoid certain Nifty stocks like ITC, HUL, and Airtel amid the market's fluctuations.