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Indian government bond and money markets will remain open on Wednesday, while trading will be closed on Thursday for a local religious holiday, traders said, citing notification from the Clearing Corp of India.

Promoters held 51.53 per cent stake in the company as of 31-Mar-2023, while FIIs owned 14.85 per cent, DIIs 22.06 per cent.

The stock quoted a 52-week high price of Rs 1084.95 and a 52-week low of Rs 748.95.

Gold prices increased in early Tuesday trading due to a weaker US dollar index. August Gold futures rose by 0.19% to reach Rs 58,521 per 10 grams, while July Silver futures increased by 0.40% to reach Rs 69,462 per kg. Despite the positive outlook, the potential for US inflation data to influence precious metal trends could create volatility. While gold futures on the MCX fell by 3.06% or Rs 1,844 per 10 grams during June, they are up 6.24% or Rs 3,531 on a year-to-date basis. Meanwhile, silver futures have declined by 4.06% or Rs 2,930 in June and are down 0.26% or Rs 180 on a YTD basis.

FMCG is a sector that has got immense promise in India. Given the per capita incomes, given the penetration level, it has got immense potential. We have in fact crafted a portfolio and we are building a portfolio where there is huge headroom to grow.

India stands out amongst other EMs due to lower external vulnerabilities, strong corporate balance sheet strength and an expected 2 year earnings CAGR of 16% for the headline index.

Valuation is in the above average zone, yet comfortable given the lack of leverage in the corporate sector and ROE profile improving materially from the lows.

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

​So yes, not good for oil markets. Very un-transparent, just too many moving objects and it is very difficult to understand what is going on and where are we all headed in general.

The US dollar was steady against major currencies as traders looked ahead to US data that may determine the timing of interest rate hikes. The crisis in Russia had pushed the greenback to a 15-month high against the rouble, whilst U.S. data released this week includes new orders for durable goods, housing figures, and consumer surveys from The Conference Board and University of Michigan. Commenting on the expected US dollar performance, Masafumi Yamamoto, chief currency strategist at Mizuho Securities, said, "If the US economic data comes out on the strong side, then further pricing in for the two rate hikes will push up the dollar.