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However, brokerages have remained bullish on Nykaa with 11 out of 16 analysts covering the stock recommending it a buy. The average price target signals an upside potential of about 47%, shows Trendlyne data.

The shares have corrected 9% in a week, but this is after the stellar gains it made earlier in the month. Net-net, so far in November, the stock has given positive returns of about 3%. On Tuesday, shares were down 0.6% at Rs 63.90 on the National Stock Exchange.

The global cryptocurrency market cap was trading marginally lower around $790 billion, dropping less than a per cent in the last 24 hours. However, the total trading volume jumped almost 19% to $66.2 billion.

UCO Bank has appointed Rajendra Kumar Saboo, Chief General Manager, Punjab National Bank as Executive Director for a period of three years with effect from the date of the assumption of office or until further orders.

The Nifty Bank index was trading 0.1 per cent up at 42390.25.

"International investments should play as part of an investor’s portfolio allocations with a structural perspective to benefit from geographic diversification. Typical offerings include liquid ETFs and even direct equities though diversification needs to be done appropriately at sector and geography levels also. Thematic ETFs are much more readily available and can be a part of one’s offshore tactical allocations too."

“SBI and other larger banks have actually been in the forefront and the other banks are actually catching up. The point is whether this cycle will sustain or not is something that we will have to see especially given the context that 80% of Indian companies excluding the banking sector were actually seeing contraction in operating profits that could be translating into high credit demand.”

Topping the list is specialty chemicals company Fine Organic Industries whose profit grew four times to Rs 202.73 crore in Q2 while its sales jumped 110% on a YoY basis. The company is the largest player in the oleochemical industry in India and among the top six globally.

Beijing warned on Monday that it was facing its most severe test of the pandemic, fuelling investor concerns that China may be forced to resume strict mobility curbs and give stay and home orders across cities.

“There is no great story happening in FMCG per se. It is not as if there is something new that has been discovered and there the growth rates will be tremendous but if you assume that the market is at a level where an upwards movement will be met with some amount of resistance, I would argue that FMCG will provide a little bit of a defensive flavour to the overall portfolio.”