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The Indian rupee rose 8 paise to 82.52 against the US dollar as domestic stock markets gained in the morning session. Investors are expecting the Reserve Bank of India to maintain its repo rate at 6.5%, with policy outcomes expected from the US Federal Reserve, the Bank of England and the European Central Bank in June. The rupee has been performing in a narrow range as demand outstrips supply, and market participants are seeking more positive data to drive the currency. Foreign Institutional Investors were net buyers on Tuesday, according to exchange data.

I think we could have a medium term or a short term trading rally in IndusInd Bank. But this is not the company you want to hold for many-many years especially when the banking industry is going through a down cycle

Morgan Stanley has maintained an overweight rating on JSW Steel, SBI, Sun Pharma, and Nykaa, while initiating an equal-weight rating on Eicher Motors. The brokerage expects JSW Steel to reach a target price of Rs 580, with a reaffirmed volume guidance of 24.2mt, and sees a steady loan growth of 12-14% for SBI in FY24. Morgan Stanley also expects Sun Pharma to record a high single-digit growth for FY24, with a target price of Rs 1170, and sees Nykaa adding 50 new stores in FY24, with higher gross margins in the fashion segment.

We foresee a steady growth of revenue in the coming quarters. Given the various transformative initiatives that we are in the process of implementing, we anticipate decent margins as well

Angel One, incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 11833.51 Crore) operating in Financial Services sector.

​And as emerging markets seem to stage a recovery October last year, India started underperforming especially given how depressed the valuations were in places like Korea, Taiwan and China. That underperformance for India ended in March.

The Nifty Auto index was trading 0.46 per cent up at 14797.15.

The Reserve Bank of India (RBI) is expected to maintain interest rates during its three-day meeting which started on 4 June. Favourable economic conditions, including 4.7% consumer price index-based inflation, easing crude oil prices and 6.1% GDP growth are credited with the rise. The positive data has resulted in widespread optimism among investors that interest rates will not change during the upcoming policy meeting, but Santosh Meena, head of research for Swastika Investmart, argues that the Nifty Bank index is showing signs of exhaustion and may experience profit-taking and a downturn.

I think the RBI can start to cut by October. But if inflation, coercive inflation in particular, persists at 0.4 month on month which is like 5% year on year, then maybe the Fed will have to act, in which case the RBI will have to act.

As I said at the outset, I think we are at the beginning of this new investment-led economic cycle. And investments, particularly in the private sector are starting from pretty low levels