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The Indian rupee mildly appreciated on Tuesday, and closed at 84.03 against the US dollar, as falling crude oil prices balanced out some pressure from the local currency due to portfolio outflows from Indian stocks and bonds. The Reserve Bank of India was also likely present, and did not allow the rupee to go past the 84.08/$1 mark, dealers said.

The stock quoted a 52-week high price of Rs 896.75 and a 52-week low of Rs 289.3.

Capital market regulator Securities and Exchange Board of India (Sebi) has raised the position limits for trading members in index Futures & Options contracts to 15% of the total open interest (OI) in the market or above Rs 7,500 crore.

A reasonable negative candle was formed on the daily chart, indicating crucial resistance around 25,200 and short-term range-bound movement. The short-term trend of Nifty remains choppy, with support at 24,900 and resistance at 25,200. A decisive move above 25,200 could open the next upside of around 25,500-25,600 levels in the near term.

The Nifty IT index closed 0.33 per cent down at 42731.3.

The base issue includes the sale of a 2.5% equity stake, equivalent to 65,77,020 shares, with an additional 2.5% available as a green shoe option.

Gautam Solar on Tuesday said it plans to raise Rs 1,000 crore through Initial Public Offerings (IPO) in next 12 to 18 months in order to fund its 2 GW solar cell manufacturing project.

Nihar Nilekani, son of Infosys co-founder Nandan Nilekani, has acquired a 1.32% stake in PTC India during July-September 2024. PTC India is a provider of power trading solutions in India. Its segments include power and financing business.

The post-pandemic excess had made the stock market a lot younger, said Zerodha founder Nithin Kamath in a post on the social media platform X while sharing a blog-post by Zerodha which states that according to the survey by World Economic Forum, 1 in 2 Gen Z-ers started investing even before they hit adulthood.

Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report said Israel is willing to not strike Iranian oil targets, easing fears of a supply disruption.