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As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

"Time in the market is way more important than timing the market- that’s our investment philosophy. When you combine sentiments with Investments, you get losses- stick to your discipline and keep investing. In our opinion, short-term movements are just noises in the journey of wealth creation. Therefore, my advice will be to continue investing and not wait for falls. Waiting can lead you to miss some of the best days in terms of market returns."

The government will present an interim budget for FY25 in February, leaving the full budget to the next government after elections a few months after that. The final decision will be taken closer to the interim budget, the official told ET.

The UN agency reiterated its recent findings that India is among the top three in greenfield FDI announcements. This suggests that the country may be pulling in fresh global capacity expansion as part of supply chain diversification, a senior finance ministry official told ET. It expects these to translate into higher investment flows by 2024, the official said.

The pullback in yields helped lift megacap growth names such as Microsoft, up 1.1%, Apple, up 1.5%, and Amazon, which gained 2.1% as the biggest boosts to both the S&P 500 and Nasdaq.

U.S. crude oil stocks rose by almost 12 million barrels last week, market sources said late Tuesday, citing American Petroleum Institute figures.

Minneapolis Fed Bank President Neel Kashkari said the U.S. central bank may have to do more to bring inflation down to its 2% goal, given the recent spate of resilient economic data.

The benchmark NSE Nifty 50 Index has climbed in the six months leading to the vote in each of the past five elections, posting an average 16% return during the period, data compiled by Bloomberg show. Gains in the three months after the polls have averaged more than 3%.

Fireside Ventures, the earliest institutional investor in the omnichannel retailer, cumulatively invested Rs 29.1 crore, and has raised Rs 258 crore from the initial public offering (IPO) alone. The consumer-focussed venture capital firm sold Honasa Consumer shares worth Rs 547.4 crore, and is still sitting on unsold investments worth Rs 821.49 crore.