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The Nifty Pharma index was trading 0.92 per cent down at 20881.1.

Vedanta and Hero MotoCorp are among the nine largecap stocks that delivered substantial dividend yields over the past year, with Vedanta topping the list at an 11% yield. Other notable companies include Coal India, ONGC, and Hindustan Zinc, offering yields from 7% to 9%, making them attractive options for dividend-seeking investors.

Analysts recommended investors subscribe to the IPO for the long term, highlighting the company s strategic position as an Indian producer of high-voltage power products and power quality systems, with a diverse global customer base.

India s Nifty 50 index has fallen 13% from its September 2024 high due to weak earnings, foreign outflows, and global trade issues. Despite this, global brokerages are optimistic. Citi Research predicts a recovery to 26,000 by December 2025, while Morgan Stanley expects India to outperform emerging markets, driven by macro stability and growing consumption.

Citi has reaffirmed its confidence in Maruti Suzuki, designating it as its top pick in the Indian automotive sector. This endorsement highlights Citi s belief in Maruti s strong competitive position and its potential for growth within the industry.

LG Electronics is holding roadshows for its Indian unit s planned IPO, expected to raise $1-1.5 billion with a valuation up to $15 billion. The Mumbai listing, aided by major banks, follows Hyundai s record Indian IPO last year. Despite initial excitement, Hyundai s stock performance has dipped, reflecting a broader market slowdown.

When the closing price exceeds the VWAP, it indicates that the closing price is higher than the average price at which the stock was traded throughout the day, with the average being weighted by trading volume.

The Nifty futures ended on a positive note, gaining 0.21% to close at 23,043 levels on Monday. Meanwhile, the India VIX increased by over 4%, closing at 15.72 in the previous trading session.

Equity indices fell on Tuesday, with BSE Sensex dropping 201 points and Nifty50 slipping 79 points due to weak earnings and continuous foreign selling. Banking, auto, and energy stocks led the decline. Tech Mahindra and Sun Pharma saw gains, while ABB India surged over 4% following impressive Q4 results.