Stock Markets moved down in the absence of any clear signals which by the way is likely to be the situation for some time. There are of course multiple other signals that markets are watching including in the United States.
Online marketplaces like Amazon or Flipkart charge steep fees and promote those who can pay more, making it difficult for direct-to-consumer brands to survive.
Dalal Street is focussed on the interest rate decisions of the Bank of Japan and European Central Bank, along with the US GDP data now as triggers because the shocks from the Indian Q3 results seem to have mostly now abated