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The companies include Tata Steel, JSW Steel, Hindalco Industries and Jindal Steel & Power. However, the companies are hopeful of a turnaround in the ongoing financial quarter.

Wall Street had an upbeat start to the year, lifted by renewed interest in volatile growth stocks battered in 2022 as the Fed raised rates aggressively to bring steep prices under control.

The consumer price index increased 0.5% last month, the Labor Department said on Tuesday, in line with expectations. In the 12 months through January, the CPI increased 6.4% which was the smallest gain since October 2021 and followed a 6.5% rise in December.

Sterling was boosted overnight by strong wages data and last bought $1.2178. U.S. retail sales figures are also due and will gauge how the U.S. consumer is bearing the 450 basis points of Federal Reserve rate hikes in the past year.

Williams on Tuesday sounded a touch more hawkish note, and said that ending 2023 with the benchmark overnight interest rate between 5.00% and 5.50% "seems to be the right kind of framing" for the policy outlook.

The dollar index was steady at 103.32. The Australian dollar eased a bit to $0.6959 even as central bank Governor Philip Lowe said rates would need to rise further to contain inflation in remarks to a parliamentary committee.

The counter has witnessed a primary trend-line breakout on the weekly chart with strong volume followed by a breakout of a bullish flag formation. The stock is trading above its important moving averages.

Age diversity is seen as an important aspect of effective board governance. To be sure, the average age of Indian boards is lower than that of companies in the US and UK. According to Prime Database, the average age of directors on Indian boards is 59 years, compared with 63 in the US.

“At least 31 airports are under Krishi Udan. We are speaking to the Ministry of Defence to include 21 more,” Scindia said, while speaking on the second day of a meeting of the G20 Agriculture Working Group.

If the deal takes place at this valuation, it will become the most valuable two-wheeler EV company in the country. The current market value of TVS Motor is Rs 51,238.15 crore.