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Gold futures on MCX advanced 0.17 per cent or Rs 88 to Rs 51,550 per 10 grams. Meanwhile, silver futures were trading gains by 0.57 per cent or Rs 369 at Rs 65,485 per kg.

The Nifty50 and the BSE Sensex have shed a mere 4 per cent and 3 per cent, respectively, since October 2021, which was also the month when the two headline indices hit lifetime highs.

"The market is likely to remain volatile this week as traders roll over their positions in the F&O segment from the April series to May series. The next batch of Q4 results and management commentary, global stock market trends, and the movement of rupee and crude oil prices are likely to assess market sentiments in the near future," said Mitul Shah, Head of Research at Reliance Securities.

The initial public offer (IPO) is entirely an offer for sale (OFS) of 4,79,50,000 equity shares by promoters and existing shareholders. Those offering shares in the OFS include promoters -- Hari Krishna Agarwal and Nikhil Aggarwal -- and existing shareholders -- TPG Growth III SF Pte Ltd, QRG Enterprises Ltd, Rajiv Goel and Rajesh Kumar Gupta.

Shares of Adani Wilmar rallied another 5 per cent, its daily circuit limit, to hit a new record peak of Rs 802.80. They had settled at Rs 764.60 on Monday. With this stellar rise, it has made its place among the top 50 most valued companies in India. Last week Adani Power had topped the market cap of Rs 1 lakh crore.

“On the white collar side, we have only seen the job creation data going up positively over the last few quarters, post the dip in the pandemic in March 2020. We consistently see that across the 27 sectors and 13 cities that we track, the employment data has been very, very encouraging.”

The technical pattern suggests that selling pressure could extend as Grasim Industries made an Evening Star pattern on the weekly charts, and also registered a trendline breakdown which could take it towards its next support near Rs 1,400 level, suggest experts.

The Relative Strength Index of the stock stood at 44.89 on Tuesday.

Earlier this month, ICICI Securities said it has a buy call on Tatva Chintan Pharma Chem with a target price of Rs 3,000. Time period given by the analyst is one year when Tatva Chintan Pharma Chem price can reach the defined target.

A total of 3,834 shares changed hands on the counter till 10:50AM (IST).