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“All the conditions are right and we just need the government to keep the policies stable and continue to spend on infrastructure. The government has done its bit and it is for us in the private sector now to do our bit. ”

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research, Kotak Securities said that gold is range-bound as support from a correction in the US dollar index, geopolitical tensions, mixed economic data and ETF inflows are countered by gains in the equity market and persisting worries about Fed’s monetary tightening.

Jefferies said no news on tobacco tax is good for ITC. It likes capital goods plays, cement and pipe stocks. Citi sees industrial and infra stocks to be key beneficiaries. Morgan Stanley said it is overweight on industrials, discretionary consumption and financials.

Sagar Cements Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 3041.49 Crore) operating in Cement sector.

Tech Mahindra on Tuesday said its consolidated profit after tax (PAT) rose 4.5 per cent year-on-year (YoY) to Rs 1,368.50 crore compared with Rs 1,309.80 crore in the same quarter last year. Sequentially, the profit was up 2.2 per cent, the IT firm said in a BSE filing.

Industry volumes were dragged down by market leaders Maruti Suzuki and Hyundai Motor India where sales fell 7% (to 128,924 units) and 15% (to 44,022units), respectively. “The shortage of electronic components had a minor impact on the production of vehicles which are primarily sold in domestic market. The company took all possible measures to minimise the impact”, Maruti Suzuki said in a statement.

The agency had given the telco a CARE B- (Credit Watch with Negative Implications) for Long Term Bank Facilities and Non-Convertible Debentures but now upgraded both to CARE B+ (Outlook : Stable). These changes come on the back of Vi opting for a four-year moratorium on statutory payouts towards adjusted gross revenue (AGR) and spectrum dues and taking a decision to convert the interest from the deferred spectrum to 35.8% government equity.

Growth stocks like large-cap technology have been among the hardest hit, and investors are focused on whether earnings this year will be able to support the market.

All three Wall Street benchmarks advanced on Tuesday and the energy index closed at a multi-year high, although seesaw trading reflected investor uncertainty about how to play the current market. Recent sessions have been choppy, as the prospect of an aggressive rate-hike campaign by the US Fed.

Traders are betting on five rate hikes this year, with some Wall Street analysts expecting seven hikes.