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"The US Fed is expected to raise rates by 25 bps tomorrow but their language/ tone will be important in gauging the direction currencies could take," Bhansali said.

The demerger of ITC according to Pankaj Pandey, Head Research, is a disappointment, as a vertical split would have been better. He believes that although the new arrangement will see the hotel business contribute over Rs 25, this will not matter much. However, ITC still owns 40% of the demerged business and may require funding going forward.

The stock quoted a 52-week high price of Rs 2784.95 and low of Rs 1593.5.

The Relative Strength Index of the stock stood at 56.57 on Tuesday.

​Crossed the previous swing high recently. Expect to inch towards record high now.

A total of 403,751 shares changed hands on the counter till 10:20AM (IST)

Stocks that were in focus include names like ITC, which fell 4.30%, IndusInd Bank, which rose 1.96%, and Aarti Drugs, whose shares surged 18% on Monday.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.