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The daily MACD is bullish and stays above the signal line. The pattern analysis shows that while Nifty has taken visible support multiple times at 200-DMA, it was resisting the 50-, and the 100-DMA which stood at 17,326.

“Our growth journey is definitely very strong and it is based on a fee-based model. So, there is no capital upfront expenditure from us. We are very happy to share that and we have given this kind of guidance before and despite the pandemic we have been able to walk the talk. I see no reason why we should not be able to increase that number from a hotel a month to 1.5 hotels a month.”

Adani Power clocked fifth straight day of gains on Monday rising 14 per cent and extending the rally to 34 per cent in the period. The company recently concluded acquisition of Essar Power MP.

The first face-to-face talks in two weeks between Russia and Ukraine began Tuesday in Turkey, raising meagre hopes of progress on ending a war that has ground into a bloody campaign of attrition.

The common theme is that most of the markets doing well are those of resource-rich countries benefiting from the current commodity rally.

The Offer For Sale (OFS) by the government will be open on March 30 and 31, Oil and Natural Gas Corporation (ONGC) said in a stock exchange filing on Tuesday.

​​On Monday, Sebi asked bankers of Ruchi Soya to give an option to investors, who participated in the FPO, to withdraw their bids while also cautioning them about "circulation of an unsolicited SMS" about the share sale.

According to a report by ICICI Securities, there are 18 stocks within the NSE100 index that qualify as ‘resilient outperformers’ – those which rack up a greater degree of gains during market upsides and suffer less when markets fall.

“IT has very strong tailwinds and it will not be affected by the input cost pressures. It will be the same for pharmaceuticals to an extent. Property stocks is another space where the demand is strong and some of the larger players are able to take the price hikes. Private sector banks are also a space which we believe will do well. These are the spaces where one can increase your exposure. ”

The Nifty IT index closed 0.34 per cent up at 36146.75.