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The Nifty index sell-off indicates it’s still a sell-on-rise scenario, with immediate resistance at 23,100 and support at 22,850. Momentum indicators remain below oversold levels, suggesting a potential dead cat bounce. Options data for January expiry shows increased put writing at 23,000 and above, signalling support, according to Praveen Dwarakanath of Hedged.in.

Rakshit Ranjan analyzes the market amid an economic slowdown, emphasizing strong fundamentals, earnings growth, and sectoral shifts. Key focus areas include healthcare, IT, financials, and challenges in consumer and building materials sectors.

Bajaj Auto Q3 Results: Bajaj Auto on Tuesday reported 3% year-on-year (YoY) growth in its standalone net profit at Rs 2,109 crore, while revenue from operations increased 6% to Rs 12,807 crore.

Stock market: Amid selling pressure in Indian equities, many stocks signal oversold conditions, sparking speculation about a rebound. Past market bottoms in 2018 and 2022 saw similar RSI levels, which preceded strong recoveries. This suggests the current downturn could be a temporary phase rather than a prolonged bear market, according to the brokerage.

JSW Infrastructure on Tuesday reported a 32.35 per cent rise in its consolidated net profit to Rs 335.62 crore in the December quarter, driven by higher income.

The Nifty Bank index closed 1.67 per cent up at 48866.85.

The Indian rupee weakened along with most of its regional peers on Tuesday as comments about trade tariffs from U.S. President Donald Trump boosted the dollar a day after a selloff in U.S. technology stocks had hurt the greenback.

Indian benchmarks closed strong with Sensex up 535 points, driven by banking stocks. Key gainers included J&K Bank, TVS Motor, and Balkrishna Industries. AI stocks and Apar Industries saw notable declines.

Drug major Cipla reported a 49% year-on-year jump in its December quarter consolidated net profit, reaching Rs 1,571 crore, compared to Rs 1,056 crore in the same period last year. The profit after tax (PAT) exceeded the ET Now poll estimate of Rs 1,302 crore.

European shares edged up on Tuesday with gains for utilities and media stocks supporting the index, as selling pressures eased a day after a global market rout sparked by the Chinese AI startup DeepSeek.