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Rikhav Securities will launch their IPO today, aiming to raise Rs 89 crore through a mix of fresh equity and an OFS of 20 lakh shares. The IPO price band is set between Rs 82-86. The company plans to use the funds for working capital, IT software, and general purposes.

Naveen Mathur from Anand Rathi states that the rupee, despite its decline against the dollar, has performed better than other emerging market currencies. The rupee may stabilize at 85 levels medium-term but could drop to 87 in the short-term. Gold remains a safe haven with potential growth opportunities, and investment in gold is recommended.

Shares of HDFC Life, Bank of Maharashtra and LTTS will be in focus as the companies will announce their third quarter results today.

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.