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Bank of America has been ordered to pay over $100 million to its customers for multiple violations, including double-dipping on some fees, withholding reward bonuses and opening accounts without customer consent. The fines include paying $60 million to the OCC and $90 million in penalties to its organization.

Sector-wise, buying was seen in telecom, capital goods, consumer durables, and power stocks while selling was visible in metals and banks. Mazagon Dock Shipbuilders up 10%; Bharat Dynamics sees spike of nearly 14%, and Polycab India closes with gains of over 6%

The software major’s consolidated net sales are expected to rise a mere 0.6% sequentially. Some analysts see the company cutting the upper end of its sales growth outlook for FY24.

RSI indicated a bearish crossover, suggesting a potential decline in the market. Now, Nifty has to hold above 19400 zones to extend the move towards fresh all-time high levels of 19525 and 19600 zones, while on the downside, support is intact at 19333 and 19250 zones, said Chandan Taparia of Motilal Oswal

The Nifty Pharma index closed 1.04 per cent up at 13895.4.

Apollo Tyres, a leading manufacturer of automotive tires, achieved a significant milestone by hitting a new 52-week high of Rs 433.75. The company is known for its cutting-edge technology, superior quality, and extensive product range

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The Indian rupee rose for a second consecutive session on Tuesday, along with gains made by its Asian peers. Risk appetite rose in the region due to fresh bets of the Federal Reserve being close to the end of its rate tightening cycle, with policymaker hints indicating an end to rate hikes.

The company has fixed the price band at Rs 23-25/ share and investors can bid for a minimum of 600 shares and in multiples thereafter.

In FY24 so far, the Nifty Realty index emerged as the top performer, experiencing a significant increase of about 36%, while the benchmark index Nifty50 saw a growth of 11.5% during the same period.