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There is belief that he will be successful, given his track record. However, managing a social media venture is an entirely different ballgame, so there are sceptics as well.

While Macquarie finds valuations in consumer stocks -- both staples and discretionary -- generally rich, the main theme combined with ongoing market share gains has led them to be selectively constructive on names such as Titan, a Rakesh Jhunjhunwala favourite. "We remain selectively optimistic on the medium-term trajectory as the stronger listed players would be the ones who witness healthy market share gains in an inflationary environment." says Aditya Suresh.

Viram Shah, Co-founder & CEO, Vested Finance said that in April so far 3.37 per cent of total transactions on the platform invested in Twitter as compared to 0.13 per cent in March. On April 25, after Twitter accepted the bid, this number went up to 6.68 per cent, he added.

The company will raise Rs 1,581 crore through its initial stake sale. The company will issue fresh equity shares worth Rs 280 crore and existing shareholders and promoters will offload 2.4 crore equity shares from their stake through OFS.

Fujitsu rose 2.17% after a report said the computer maker was weighing a sale of it scanning business to office equipment maker Ricoh, which fell 1.08%.

The continent-wide STOXX 600 rose 0.6% after plunging nearly 2% on Monday on worries of an economic slowdown in China and rapid U.S. interest rate hikes.

“We have been quite conservative in giving calls on the staple companies for the last one or two quarters because inflation was there, demand was under pressure and above all, the margins of most of these staple companies have risen in the past five-seven years. We are not very keen on say stocks like Britannia. HUL and Dabur look relatively better to us but one should have very moderate expectations in the entire space. ”

Switzerland-based Holcim that globally merged with French rival Lafarge in 2015 to create a mega entity LafargeHolcim – a European cement and buildings material giant -- was forced to go through several restructurings to comply with anti-trust regulators around the world, by divesting assets across Europe and Asia, including India.

The demand-supply balance sheet remains bullish for castor seed from a broader perspective. The estimated consumption for 2021-2022 is around 19-20 lakh tonnes (LT). For the same period the expected production plus the carry over inventory may be just near to 20-21 LT, meaning a tight supply situation.

After two trading halts earlier in the session, the Colombo Stock Exchange said the market will be closed for the rest of the day following a 10% slump in the blue-chip S&P SL20 index. The market shut just half an hour into trading on Monday.