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“If LIC is doing well by the 9th and 10th month., then maybe after the 12th month, the government will again look to sell more. Therefore I hope that it does well now and if we have to buy, we will have to buy it in the next few months. Otherwise, everybody will keep waiting for the next tranche.”

Data Patterns has proven in-house design and development capabilities and experience of more than three decades in the defence and aerospace electronics space across all the platforms - space, air, land and sea.

"We do not offer any guidance on the deal wins, but we see a pipeline of $40 million (~ Rs 300 crore) for this year with fair confidence. As of date, we serve six unicorns and have ten Fortune 500 companies as our active clients. Given the accelerated need for digital transformation post-pandemic, we are able to win good opportunities across geographies where we are present i.e. US, Germany, UAE, and recently, India."

“In the case of metal stocks, one has to get the entry points right. The prices are slightly on the higher side and the best of the earnings probably is either in the price or behind us. In the case of ITC, one has to see how the margins of the FMCG business is shaping up.”

The money will predominantly be used to refinance the debt the company had taken to fund its acquisition of diagnostics chain Thyrocare last year.

​​"There were three bidders initially. But effectively there was just one bidder - Vedanta. After due diligence, the other two could not tie up funding."

Spot gold was up 0.1% at $1,816.56 per ounce, by 0106 GMT. U.S. gold futures dipped 0.2% to $1,814.50.

The European common currency touched $1.0563 in early Asia trade, after rising 1.1% overnight, its largest day of percentage gains since March.

ITC, Pidilite Industries, IndiGo, Indian Overseas Bank, Lupin, Indraprastha Gas, AB Fashion, LIC Housing, Route Mobile, Manappuram Finance, Finolex Industries and Shyam Metalics are among the companies which will announce their earnings today.

Nifty50 on Tuesday formed a large bullish candle on the daily chart after making what looked like a Bullish Harami candle in the previous day, sending signs of reversal. With this, the index has chalked out a new range after offering strong support at the lower end of the 15,750-16,150 range in the last few sessions.