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Treasury 10-year yields slid more than 1 basis point in Tokyo, trading to around 3.17% as Asian equities followed Wall Street lower. U.S. shares fell after a steep drop in U.S. consumer confidence stoked worries about a slowdown as the Fed rushes to get inflation in check.

Asian shares had ended the previous session on a positive trajectory after China announced an easing of its quarantine requirements for inbound passengers, in what some observes saw as the biggest relaxation so far of its "zero COVID" strategy.

M&M hit a fresh 52-week high and closed with gains of nearly 3 per cent, TVS Motor Company also hit a 52-week high on the NSE, and MRPL gained nearly 10 per cent on Tuesday.

Timken India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 18354.50 Crore) operating in Engineering sector.

"We expect near-term volatility in markets to persist. Over a longer period of time, we have observed that markets follow the fair value and the fair value of companies in aggregate follows nominal GDP growth. Since we are optimistic on India’s growth story over the medium to long-term, we remain optimistic about the outlook for equity markets over a similar time horizon."

“It is a combination of both growth and value that one has to look for because you want stocks to be cheap relative to their potential growth rates that are embedded in the stock prices but you also want them to perform and you need that growth to come through in the future. So I do not think it can be completely separated.”

The proceeds from its fresh issuance worth ₹708.98 crore will be utilised for prepayment or scheduled re-payment of a portion of certain outstanding borrowings and balance for general corporate purposes

The brokerage said strong backward integration and design capability, a price-straddle approach in product offerings and an expanding omni-channel network are the reasons why Campus has a leading position with 17% market share as of FY21. "We expect three times revenue and four times Ebitda growth with improving margins over FY21-24."

"Markets were fine today until the consumer confidence number came out," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. "It was weak and markets immediately began selling off."

The United States imposed sanctions on more than 100 targets and banned new imports of Russian gold, acting on commitments made by the Group of Seven leaders this week to further punish Russia over its invasion of Ukraine