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The negative chart pattern like lower tops and bottoms is intact on the daily chart and current upside bounce could possibly open another lower top formation in the short term.

The MSCI Asia Pacific Index gained 0.4%, up for a second session, led by gains in Japan and South Korea. US equity futures were little changed. Chinese stocks may extend gains as a gauge of US-listed mainland shares rose more than 2% after Bloomberg reported Donald Trump’s incoming team is considering gradual tariff hikes.

Another deputy governor, T Rabi Sankar, has been given additional charge of financial market operations and the regulation departments.

Late November, the Gautam Adani-owned group was hit by indictment charges from the US judicial and regulatory platforms, although the management of the conglomerate denied the misdemeanour charges involving some entities.

Gains in both indices were capped by weakness in information technology and consumer goods stocks. HCL Technologies tumbled 8.6%, leading IT stocks lower after weaker-than-anticipated December quarter earnings.

Modest and intermittent intervention by the Reserve Bank of India (RBI) helped smoothen the pace of depreciation, but did not stop the weakness, traders said.

The Nifty IT Index shed 2.13% on Tuesday. Out of the 10 stocks in the IT Index, 8 declined and 2 advanced. LTI Mindtree tumbled 4.36% while L&T Technology Services and Persistent Systems fell 2.8% and 1.6%, respectively.

Final price guidance for the 5.5-year tranche has been set at 9.475%, while the 8.25-year tranche is at 9.850%, which is tight pricing given the current market environment, the source added. The five-year US treasury currently yields 4.6%.

Rules currently allow listed companies to issue securities in the physical mode in case of consolidation of the face value of securities, demerger or split of the face value of securities.

They say injecting durable liquidity will be critical since the present ₹2.5 lakh crore deficit is the widest since May 2024. System liquidity has been in deficit over the past six weeks.