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Stocks that were in focus on Tuesday included EID Parry, which rallied more than 17 per cent, GSFC which also rose more than 17 per cent, and MRPL which surged by 10 per cent.

"Irrespective of the environment, it is imperative that investors focus on the time-tested principles of asset allocation, based on risk profile, financial capabilities and investment goals. First and foremost, the investor must understand his/her risk profile and determine if he/she is a conservative investor, moderate investor, or aggressive investor. Based on this, an appropriate asset allocation can be arrived at, depending on the investment horizon."

“Among large banks, large PSU banks have been corrected quite a lot. So the valuation looks very comfortable in most of the large PSU banks like State Bank, a small wholesale bank like Canara Bank where again there has been a huge selloff or Bank of Baroda. Coming to private banks, ICICI Bank, HDFC Bank and Axis Bank valuations look very comfortable.”

“In the period from now to August September, till we start getting some favourable inflation data or more correction in crude prices, we will continue to get these opportunities which should be cashed. In the short time, we have made a bottom and we may see a relief rally as we saw yesterday.”

LT Foods Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2258.10 Crore) operating in Agro Processing sector.

The guidelines provide a framework for waiver of phase III clinical trials in India based on a commitment to undertake a phase IV trial, the design of which should be approved by the central licensing authority. In line with this, Biocon presented a proposal for import and marketing of insulin aspart with a waiver of phase III clinical trial in India, the statement added.

As the United States struggles to tackle soaring gasoline prices and inflation, U.S. President Joe Biden is expected on Wednesday to call for temporarily suspending the 18.4-cents a gallon federal tax on gasoline, a source briefed on the plan told Reuters. Biden had disclosed on Monday he was considering whether to call for a pause in the tax.

The yen was last drifting at 136.4 per dollar, having hit 136.71 in early trade, the lowest since October 1998. Analysts see no immediate end to a sell-off that has seen the yen weaken 18% so far this year from 115.08 at the end of 2021.

Wednesday is also the record date for dividends by Britannia Industries, Bank of Maharashtra, Agro Tech Foods, Bliss GVS Pharma, Bharat Seats and Morarka Finance.

​​​The bank is also expected to launch additional products and services under Digital 2.0 including a new payments platform for its customers and merchants.