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“Look at some of the commodity consumers and have a bit of a contra strategy in place rather than go for the commodity producers. Go for auto, FMCG appliance space, building material, banks and midcap IT. But most importantly, go for good solid companies which are leaders in their particular field or who have got a slightly differentiated business model and have a solid track record of delivery on the financial front and good corporate governance standards.”

Infosys and Reliance Industries led the Sensex gainers falling 0.8 per cent each. Tata Steel, ICICI Bank, Bajaj Finance, Wipro and Titan Company edged lower.

Ajanta Pharma board would consider bonus issue while disclosing its March quarter results.

With offices in Switzerland, including Zurich, Zug and Geneva, and also in Dusseldorf and London, Confinale works with a slew of leading banks and wealth advisors.

Jefferies said “Jio’s 4Q performance disappointed with revenues, Ebitda and profits, all missing estimates”. It, in fact, has cut Jio’s valuation by “8% to $81 billion” and also lowered its FY23-24 (earnings) estimates for the telecom market leader by up to 18%.

"FRL surrenders its leases to the landlords. Landlords then enter into agreements with RIL. In that case, is it not possible, suppose they raise an argument saying that, therefore, it is not that there is a breach of the emergency arbitrator award because FRL has not surrendered it to RIL," Justice C Hari Shankar said on Monday. "FRL has surrendered to landlords which is not interdicted by the tribunal."

Falling commodity prices dragged the Australian and Canadian currencies lower on Tuesday, although the dollar was steady against most other majors while bitcoin continued to tumble. The Aussie dollar dropped as low as $0.6920, its weakest since July 2020, having fallen 1.7% overnight, which analysts at CBA attributed to declines in global asset prices.

Asian shares tumbled to their lowest in nearly two years on Tuesday as investors shed riskier assets on worries about higher interest rates and their impact on economic growth, while the dollar held near 20-year highs.

Though a bear market is not a foregone conclusion, signs of souring sentiment are everywhere as the Fed tightens monetary policy to fight the worst inflation in nearly four decades.

Adani Ports, PNB, Petronet LNG, Relaxo Footwears, Indian Bank, SKF India, BSE, Balaji Amines, Lakshmi Machine Works, Birla Corporation and Kalyan Jewellers are among the companies which will announce their earnings today.