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​​According to a Motilal Oswal Financial Services study, 27 out of 47 companies on the Nifty were trading above their 10-year average valuations. The valuations were measured based on the Price to Earnings (PE) Ratio and Price to Book (P/B).

The dollar index was at 108.52, versus 109.8 on Monday. The appreciation in the local currency comes after the rupee closed a record low of 87.18 per dollar on Monday. The rupee was in a tight range throughout the day on Tuesday. It traded between 87/$1 and 87.13/$1. Most Asian currencies also appreciated in response to a slight correction in the dollar index.

Raw material costs stood at 57.7% of the consolidated revenues-higher than the year-ago level of 56.5%. Other expenses, too, climbed to make up 16.2% of the revenues-much higher than the y-o-y level of 14.8%. These increased expenses, and a less favourable product mix, dented profitability.

Gland Pharma share price: Revenue from operations fell 10% year-on-year to Rs 1,384 crore. EBITDA increased by 1% year-on-year to Rs 360 crore, with margins improving by 300 basis points to 26%. R&D expenses were Rs 43.7 crore, making up 4.3% of the revenue.

JB Pharma on Tuesday reported a 22% year-on-year (Y-o-Y) jump in net profit to Rs 162 crore for the quarter ended December 31 led by strong growth in domestic formulation business.

FII data: Foreign investors have invested around Rs 823 crore in the Indian cash market, marking positive FII flows for the first time in over a month. The Indian stock market saw a significant rally, driven by a temporary pause in US tariffs on Mexico and Canada, boosting investor confidence.

Wall Street s main indexes were subdued at the open on Tuesday as investor appetite for risk waned after China retaliated against new trade restrictions announced by U.S. President Donald Trump with counter tariffs.

Two different Benches of the Delhi High Court on Tuesday paved the way for the Religare Enterprises’ (REL) 40th Annual General Meeting (AGM) which is scheduled for February 7.

Global Health (Medanta) reported a 15.6% year-on-year (YoY) jump in net profit to Rs. 143 crore in Q3FY25 due to increase in revenue growth from new hospitals, along with higher patient volumes.

Gold touched a high of Rs 83,010 per 10 gm in the physical market on Tuesday rising by 7.5 per cent in one month. A month ago, gold was Rs 77,161 per 10 gm.