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Stocks that were in focus on Tuesday include names like Ambuja, which rose 7%, Adani Enterprises, which jumped 17.3%, and Swan Energy, whose shares increased 7.6% on Tuesday.

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The year CY’24 will look forward to continuing the trend against odds of slowing global economy and corporate earnings as higher interest rates start impacting global demand and cost of capital, uncertainty surrounding the election outcomes, erratic weather conditions that could impact global food prices and possible escalation in geopolitical tensions. Given this backdrop and adequate valuations in domestic markets compared to the historic average (India remains a relatively expensive market), I suggest caution and a staggered & selective buying approach from a 3-4-year perspective.

Asian shares advanced as a further US labor-market slowdown reinforced speculation the Federal Reserve will be able to cut interest rates next year to prevent a recession. Benchmark indexes rose over 1% in Japan, the most in three weeks. Stocks in Australia and South Korea also advanced while futures in Hong Kong pointed to gains.

With demand for credit remaining strong, banks have been looking to tap the bond markets and raise funds to finance the loan growth. As on November 17, bank credit growth was at 20.6% YoY while deposit growth was at 13.6% over the same period, latest RBI data showed.

​​The NCDs, available in three tenures - 24 months, 36 months and 60 months - offer interest rates ranging from 9.29% to 9.99%. The company, part of the Kirloskar Group, has reserved 25% of the issue each to institutional buyers, companies, high-net-worth individuals and retail investors.

The activity, they said, "exceeded the short-selling that occurred during numerous other periods of crisis" such as the 2008 financial crisis and COVID-19.

GLOBAL-Oil prices fall on China concerns, scepticism on OPEC+ cuts

In the past three trading sessions, an average of ₹18,000 crore worth of 50 stocks comprising the Nifty index was delivered on both exchanges, marking a 66% increase compared to the daily average of ₹10,884 crore in November and of ₹11,265 crore in October.