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Asian shares climbed to fresh two-month highs on Tuesday, boosted by a rally on Wall Street while the dollar languished near its lowest in two-and-a-half months on expectations the U.S. Federal Reserve is likely done with interest rate hikes.

"We think KMB’s new CEO choice also reflects what they are prioritising over the next decade. They have chosen a global professional with best-in-class digital and technology experience rather than an Indian domain banker. At the risk of reading too much into it, we hypothesise that it is a statement of intent from the bank in terms of where it thinks the key competitive battleground of the future will be."

The US Justice Department is seeking more than $4 billion from Binance Holdings Ltd. as part of a proposed resolution of a years-long investigation, Bloomberg News reported. Negotiations between the Justice Department and Binance include the possibility that its founder Changpeng Zhao would face criminal charges in the US under an agreement to resolve the probe into alleged money laundering, bank fraud and sanctions violations, according to people familiar with the discussions.

The unexpected ouster on Friday of Sam Altman, OpenAI’s co-founder and CEO, set off a chain of events that erased tens of billions from Microsoft’s market value, a sign of how important OpenAI is to the tech behemoth. Microsoft has invested more than $13 billion in OpenAI, and Apple, Google and Meta have rushed to catch up with their own AI offerings.

India VIX was up by 2.68% from 11.83 to 12.14 levels on Monday. Volatility was slightly higher but the overall market was in a broader trading range.

Valuations in Indian largecaps are reasonable and we expect 15% or more earnings growth in the next couple of years. Sectors and sub-sectors like capital goods, defence, railways capex, electronics and durable manufacturing, construction, renewable power, power transmission & distribution, China-plus-one theme plays, beneficiaries of the production-linked schemes, chemical and pharma companies etc. are mostly represented only in the mid and smallcap space.

From Sensex stocks, JSW Steel, Tata Steel, HDFC Bank, Tata Motors, and UltraTech Cement opened higher, while Bajaj Finance, Asian Paints, L&T, HUL, and IndusInd Bank opened lower.

Relaxo Footwears Ltd. key Products/Revenue Segments include Footwear, Scrap, Others, Wind Power, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2023.

IREDA’s Rs 2,150 crore worth IPO opens for subscription on Tuesday and closes on Thursday. The IPO consists of a fresh issue of shares worth Rs 1,290 crore and an offer for sale of Rs 860 crore by the government. The company has fixed the price band for the IPO at Rs 30-32 a share.