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Here are some of the top recommendations made by fund managers at Allianz Global Investors, Fidelity International, Principal Asset Management, Janus Henderson Investors and others:

Markets had recently been pricing in a rate cut by the Federal Reserve as soon as March, but traders pared those bets and are now targeting May for the first rate cut after the central bank began its hiking cycle in March 2022.

The U.S. currency edged lower to 145.385 yen in early Asian trading, adding to its 0.5% loss from the previous session. It was also down slightly against the euro at $1.0798, after losing about 0.28% on Tuesday.

The market stumbled in overnight trade as firmer-than-expected U.S. inflation readings for November bolstered the view the Federal Reserve was unlikely to cut interest rates early next year, which would weigh on consumption.

Stocks that were in focus included names like Paytm, which fell 6.19%, YES Bank, which rose 5.68%, and Dixon Tech, whose shares declined 0.62% on Tuesday.

Muthoot Microfin IPO comprises a fresh issue of Rs 760 crore and an offer-for-sale (OFS) of Rs 200 crore. Under the OFS, promoters Thomas John Muthoot, George Muthoot, Preethi John Muthoot, Remmy Thomas and investor Greater Pacific Capital will offload shares. Investors can make a bid for one lot of 51 shares and in multiples thereafter.

"As the market exuberance gradually subsides and valuations again realign with underlying fundamentals, largecaps offer a relatively better margin of safety. However, it is essential to note that from a mutual fund (MF) perspective, the decision to book profits and realign the portfolio carries the potential for increased portfolio churn."

Investment will help the airline to induct fresh capacity and reduce liabilities, thereby reducing cost of capital, said SpiceJet promoter Ajay Singh.

Steel Exchange also plans to issue convertible equity warrants to non-promoter entities, including Neo Special Credit Opportunities Fund, True North Credit Opportunities Fund, Kolluri Impex, Shakti International and two other funds, infusing a total of ₹164 crore in fresh capital.

According to sources quoted by the newspaper, while the Poonawalla family did not intend to relocate, the mansion would "serve as a base for the company and family when they are in the UK".