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"It appears that the index has embarked on a sustainable pullback rally, whose initial target appears to be into the bearish gap zone present in the 16,484-651 range registered on May 6. The near term trend shall remain positively biased as long as the index sustains above 15,900 level," said Mazhar Mohammad of Chartviewindia.in.

Our consolidated revenues for the quarter grew by 5.5% and EBITDA margins expanded to 50.8%, underscoring our focus on all-round delivery. The mobile business revenues were up 9.5% as we saw the full flow-through of tariff increase. Airtel continues to have the highest ARPU at Rs 178,” said Gopal Vittal, MD and CEO, India & South Asia.

“China Covid lockdowns have impacted the April numbers for all OEMs. A decline of almost 11% plus is also giving an indication of how severe the situation is. We are hearing that starting this Sunday, May 22 onwards, there will be a gradual relaxation plan in China where the more intense lockdowns will be restricted and areas where the case counts have gone down, are opening up and productions will also begin.”

On the technical charts, the 200-day moving average of the stock stood at Rs 2283.91.

At its May meeting, the Reserve Bank of Australia (RBA) considered hiking interest rates by 40 basis points but decided to move by 25 basis points to 0.35% in an attempt to mark a return to "normal operating procedures".

The Relative Strength Index of the stock stood at 18.72 on Tuesday.

“A lot of LIC’s movement itself or stock price itself will also be determined by how equity markets behave. I have maintained that LIC was fairly valued at Rs 950. Going forward, I do not want to put a number to when it becomes an absolute buy, but a lot of it depends on how the management communicates, what sort of additional information disclosures they are able to give and how they are able to grow their sales and margin numbers.”

“At a broader level, given that we have seen a reasonable move up in rates and it is quite likely that directionally it (rates) is probably headed up, over the next seven or eight months or remaining part of the financial year, one should look at a staggered approach towards adding a bit of duration on the portfolio.”

According to multiple media reports, the capital markets regulator said public personalities could be held accountable if crypto ads are found to be violating regulations.

"Banks are, in my book, never a safe bet and always a risky sector. It is a highly leveraged sector which is why I rarely like it. Even in 2020, it was the only major sector in the red in a market which was so buoyant. In 2021, it was not in the red, but went up only half as much as the market," Devina Mehra, Chairperson and MD, First Global, says.