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Short covering occurs when traders repurchase borrowed shares to close their short positions, usually triggered by a change in market sentiment or the emergence of new information.

Motilal Oswal has given a "buy" rating to Power Grid, JSW Energy, and Tata Power, with upside potentials of 21.4%, 16%, and 13.3% respectively. NTPC and IEX received a "neutral" rating with target prices of Rs 250 and Rs 226.

Markets regulator Sebi on Tuesday issued guidelines on the parameters for the performance evaluation of market infrastructure institutions (MIIs), comprising stock exchanges, clearing corporations and depositories by independent external agencies.

Indian equity indices reached record highs for the third straight session on Monday, with the S&P BSE Sensex rising 0.45% to 84,928 and NSE Nifty50 surpassing 25,900. Analysts predict a positive trend, targeting 26,250 with support at 25,750.

The money raised from this new issuance will be utilized to pay down existing debt, invest in capital expenditures like commercial vehicles, containers, and reach stackers, with any leftover funds going towards general corporate needs.

Domestic benchmarks are attempting to sustain new highs, driven by the US Fed’s aggressive rate cut. Meanwhile, the Chinese central bank’s rate cut, and additional stimulus measures have positively influenced global investor sentiment, resulting in gains for domestic metal stocks.

Gold prices remained flat at Rs 76,950 per 10 grams in the national capital on Tuesday amid a firm trend in the overseas markets. On Monday, the precious metal had revisited the all-time high level of Rs 76,950 after a gap of six months, according to market sources.

Gold prices hit a record high of Rs 76,911 per 10 gm, driven by positive global cues and anticipation of further US Fed rate cuts. Geopolitical tensions also support the rally. Colin Shah expects prices to reach $3,000 per troy ounce globally and Rs 78,000 per 10 gm domestically.

Sebi is considering a proposal to streamline the Common Application Form (CAF) for certain Foreign Portfolio Investors (FPIs) to reduce paperwork and processing time. The industry has requested a simplified CAF with only essential fields for specific FPI categories.

So, in the largecap space, we like Sun Pharma, so due to the speciality, generic portfolio that it has, and overall best placed in terms of valuation also. So, as of now, we see Sun Pharma is a safe bet. And apart from that in the midcap, we like JB Chemicals.