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​​Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 265159.84 Crore) operating in Auto sector.

“The 18200 Nifty has become a major resistance level which is keeping the Nifty in the narrow band of 17800-18200. Now, it appears that a major trigger is necessary to break this range either on the upside or the downside,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

India VIX was down by 0.28% from 14.08 to 13.40 levels on Tuesday. Volatility has been hovering at lower levels from the last nine weeks and supporting the bulls to hold the overall command.

The selection of stocks, which is done using a Python code, begins with forensic screening and looking for companies with low leverage and consistent profitability. The portfolio combines uncorrelated factors like quality and value to lower downside risk.

Morgan Stanley maintained an overweight rating on Maruti Suzuki post December quarter results with a target of Rs 10,483.

Sun TV Network, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 18675.67 Crore) operating in Media & Entertainment sector.

On the technical charts, the RSI of the stock stood at 45.32.

A total of 8,488 shares changed hands on the counter till 10:36AM (IST).

While TCS reported strong numbers for the December quarter, it wasn’t good enough to entice investors as risks to earnings growth persists amid the macroeconomic slowdown in Europe and US.

Stocks that were in focus include names like Maruti Suzuki which rallied more than 3% post Q3 results, Tata Motors which gained more than 3% ahead of results on Wednesday, and TVS Motor Company which closed flat.