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As Indian equity indices extend their bull run, Nifty FMCG scaled fresh all-time highs on Tuesday.

Pidilite Industries reported healthy growth in its core businesses, which helped drive overall performance. The consumer businesses grew over 20% in value and double digits in volume. The B2B growth was around 13%. Rural and semi-urban areas are gradually returning to demand, creating a greater growth rate than urban areas. The pigments business has faced an impact due to the near-recession in western markets.

The stock traded at a P/E multiple of 11.48, while the price-to-book value ratio stood at 2.85.

Former FTX CEO Sam Bankman-Fried has requested a US federal court to dismiss 10 of the 13 charges he faces over the collapse of his crypto exchange. His lawyers argue that in some charges, prosecutors did not "state an offense" or "allege a valid property right." Bankman-Fried pleaded not guilty to fraud, conspiracy, and money laundering charges. He is currently under house arrest after being extradited to the US from the Bahamas in December. Some allegations suggest he cheated investors and misused funds belonging to FTX and Alameda Research customers.

A total of 15,853 shares changed hands on the counter till 02:11PM (IST)

Cryptocurrency markets saw a decline in prices on Tuesday, with Bitcoin dropping 2.14% to $27,580 and Ethereum trading below $1,850. The global cryptocurrency market cap fell 1.73% in the last 24 hours to around $1.14tn, with other major cryptocurrency tokens also trading lower. Reports of network congestion and paused Bitcoin withdrawals issued by Binance caused market speculation. Industry experts predict the market will remain choppy, with US CPI inflation data expected to be key to holding the market structure.

"Indiabulls Real Estate (IBREL) regrets to inform its shareholders and the public that the sanction to the merger of NAM Estates Private (NAM Estates) and Embassy One Commercial Property Developments (Embassy One) into IBREL has been withheld by the Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench," Indiabulls said in an exchange filing.

Dabur India, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 91688.76 Crore) operating in FMCG sector.

Though the price denomination of a share has little relevance, investors – mostly retail – shy away from buying such stocks on the notion that these are expensive shares

Mankind Pharma derives 98% of its revenue from the domestic pharma market. Within its domestic business, 90% of its revenue comes from prescription pharmaceuticals and the rest from the consumer health business.