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After a 13-day winning streak, Sensex and Nifty were flat on Tuesday morning due to lack of major triggers. Defence stocks such as HAL and GRSE rallied 3-5% following a Rs 26,000 crore deal for Sukhoi-30MKI fighter jet engines approval. Pharma and real estate stocks traded higher, while IT stocks fell.

The highest concentration of put open interest is at the 1,440 and 1,400 strike prices, suggesting these levels could serve as immediate support. Conversely, the highest call open interest is at the 1500 strike, indicating potential resistance.

Brigade Enterprises, headquartered in Bengaluru, has initiated a Qualified Institutional Placement (QIP) issue to raise up to Rs 1,500 crore for business expansion. The floor price per share is set at Rs 1,164.70. This follows a strong quarterly financial performance, with net profit more than doubling to Rs 83.72 crore this June quarter.

Nifty has achieved a record by closing in the green for 13 consecutive trading sessions, but history suggests potential short-term corrections. Previous similar winning streaks have often been followed by negative returns. Analysts recommend a cautious approach, with attention to profit booking and market support levels at 25,200 and 25,000.

On September 2, the closing prices of three stocks from the Nifty200 pack rallied over 1.4% relative to the VWAP, and a shift above the VWAP suggests a potential bullish trend

Tech Mahindra is steadfast in targeting a 15% EBIT margin by year 3. Although the commercial segment is showing better performance, overall growth is still challenging. The BFSI sector is improving slowly, and manufacturing results are on par with last year. However, Asia Pacific is exceeding expectations. Given the current valuation of 25x FY26E consensus EPS, much of the potential improvement is already factored in.

Bajaj Housing Finance, set to launch a ₹6,560-crore IPO next week, is open to selling stakes to strategic investors. Promoters plan to dilute stakes in phases to comply with listing norms, starting with a 10-11% stake via this IPO. The company, established in 2017, has grown rapidly, reaching assets over ₹90,000 crore by March 2024.

Brent oil prices dropped in Asian trade on Tuesday as concerns about weakened demand in China outweighed the effects of a blockade on Libyan oil production facilities. Brent crude futures fell to $77.15 a barrel while U.S. West Texas Intermediate crude rose slightly after the Labour Day holiday break.

The benchmark BSE Sensex extended its gains for the 10th consecutive day, setting a new lifetime high on Monday. Key stocks in focus included NBCC with a 0.42% rise, Adani Ports which increased by 0.85%, and Varun Beverages, which gained 1.86%. Experts share buying recommendations for these stocks as the market reopens today.

Jignanshu Gor of Bernstein SocGen is optimistic about the growth of discretionary spending in India, particularly in non-metro areas. He believes sectors like retail and restaurants will see recovery in the next 12 to 18 months. He highlights positive prospects for stocks like DMart, Trent, Devyani, and Jubilant in this landscape.