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The Indian rupee remained steady at 83.962 per US dollar on Tuesday due to likely Reserve Bank of India interventions, despite pressures from rising dollar index, oil prices, and local equity outflows. Risks of breaching the 84/$1 mark are high amid ongoing economic pressures.

The Indian markets rebounded on Tuesday, with the Sensex gaining nearly 600 points. Utilities, power, telecom, and industrials outperformed, while metal stocks declined. Dr Lal PathLabs and Ipca Laboratories hit record highs.

Akshay Bhagwat from JM Financial Services suggests taking buy positions in Reliance with targets of Rs 2,850 to Rs 2,900 and a strict stop loss below Rs 2,700. He also advises holding or buying Paytm, expecting short to medium-term upside to Rs 950 to Rs 1,000. Technical analysis for market indices and PSU stocks is also discussed.

After a decline following the Lok Sabha results, Modi stocks surged by 8% as the BJP looked set for a Haryana election victory. PSU stocks, particularly in railways and defense, gained notably, while Adani Group shares also rose significantly.

Yes, there was an issue, an adjacency issue also and I will come to that second, but the general trend is that you will end up usually getting better returns as an investor in IPOs very early in the cycle of IPOs coming back into the market, coming back into fashion.

Domestic institutions, including mutual funds and insurers, bought equities of over $4 billion in the three sessions, according to data compiled by Bloomberg.

The Nifty Realty index closed 0.96 per cent up at 1029.95.

The Relative Strength Index of the stock stood at 41.18 on Tuesday.