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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.

ITC s Q3 revenues are expected to grow by 8% YoY driven by strong performances in the hotel and agri businesses, while net profit may fall by 6% due to high other income and lower tax rate in the previous year. The cigarette segment shows stable growth despite slight margin compression.

A White Marubozu is a bullish candlestick pattern in technical analysis.

Motilal Oswal Financial Services maintains a buy call on Ambuja Cements with a revised target price of Rs 600. The company s recent financials show strong growth in income but lower-than-expected EBITDA due to weak realizations and increased costs. Management expects performance improvement in acquired assets by FY26. The valuation multiple has been adjusted to 18x EV/EBITDA.

The Indian market is expected to trade higher on Wednesday, following positive global cues. The Nifty50 closed 378 points up at 23,739 on Tuesday, with the India VIX dropping 2.33%. Technical indicators suggest a bullish trend, with resistance at 23,800–23,850 and support at 23,400–23,450. Experts recommend buying stocks like L&T Technology, Kotak Mahindra Bank, and GAIL India.

Benchmark equity indices opened flat on Wednesday as gains in HDFC Bank, Infosys, and NTPC were offset by losses in Asian Paints and Reliance Industries. Investors remained cautious ahead of the Reserve Bank of India s monetary policy meeting, with Asian Paints shares dropping over 4% due to a significant decline in Q3FY25 net profit.

HDFC Securities has an add call on IRB Infrastructure Developers with a target price of Rs 67. IRB Infrastructure reported a 19.34% rise in consolidated total income for the quarter ended 31-12-2024, with a net profit after tax of Rs 6026.11 crore. The company expects significant opportunities under PPP mode for BOT projects worth Rs 2trn.

Birla Corporation reported a 71.4% YoY decline in consolidated net profit to Rs 31.19 crore for Q3 FY25, impacted by lower cement prices in Maharashtra and central India. Despite this, the company saw a 7% YoY volume growth, driven by improved market conditions. The stock has an average target price of Rs 1,483, with analysts recommending a Strong Buy .

Jefferies, Goldman Sachs, Nuvama, and Morgan Stanley have identified stocks with significant upside potential. ONGC, Divi s Laboratories, Adani Ports, LIC Housing Finance, and Maruti Suzuki are recommended buys, with expected returns ranging from 13% to 50%. These top global brokerage firms highlight strong investment opportunities for the next 12 months across various sectors.