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“Our top three picks continue to be the same as last year because one holds on to stocks for multi-year cycles unless one genuinely believes that either the external environment is completely changed or the hypothesis has turned on its head which has not happened, frankly.”

The deal was executed at an average traded price of Rs 232.30 per share, at a marginal discount compared to the previous day’s closing price of Rs 233.85

There were other bulk deals in the counter by Bonanza Commodity Brokers, and in another transaction as many as 2,100,000 equity shares of Punjab Alkalies were sold by Paramone Concepts at an average traded price of Rs 79.18/share.

"The COMEX Gold prices traded lower following risk-off sentiments. Domestic gold prices, taking cues from weak global prices, traded lower," Dilip Parmar, Research Analyst at HDFC Securities, said.

The broad-based S&P 500 gained 0.7 percent to 3,823.71, while the tech-rich Nasdaq Composite Index jumped 1.3 percent to 11,096.01.

The retail bonds – likely to be for three- to five-years tenure – may bear interest rates between 8.75% and 9.5%, market sources said

The beverage giant raised its revenue expectations for the second time this year. Coke said Tuesday that it now expects organic revenue growth of 14% to 15%, up from the 12% to 13% it predicted at the end of the second quarter.Revenue rose 10% to $11.1 billion in the July-September period. That was ahead of the $10.5 billion Wall Street forecast, according to analysts polled by FactSet.

Incorporated in 2016, Utkarsh commenced operations in 2017 and its product suite includes a range of deposit products, including saving accounts, salary accounts, current accounts, recurring and fixed deposits and locker facilities.

During the day, the Nifty remained above the previous consolidation high, suggesting a rise in optimism. Over the short term, the trend is expected to remain strong. On the higher end, resistance is visible at 17,950. On the lower end, support is placed at 17,550/17,400.

The maiden offering of Bharat Bond ETF was launched in 2019, helping CPSEs raise Rs 12,400 crore. In the second and third tranches, it had raised Rs 11,000 crore and Rs 6,200 crore, respectively. The ETF has raised Rs 29,600 crore in its three offerings so far.