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Seshadri Sen of Emkay Global revealed their strategic shift to FMCG and IT sectors, emphasizing strong earnings growth and attractive valuations. They also identified opportunities in energy and auto sectors. Despite some valuation concerns, mid and small-cap stocks are expected to perform well, though investors are advised to be cautious about valuations.

Sensex and Nifty achieved new record highs amid volatile trading, continuing their three-day winning streak. Stocks like Maruti, M&M, and Tata Consumer were highlighted due to earnings and news. Significant profit reports came from GAIL and Indus Towers. Additionally, Vedanta received creditor approval for its demerger scheme filing.

SaaS fintech platform Zaggle Prepaid Ocean Services on Tuesday reported a multi-fold rise in its consolidated net profit to Rs 16.7 crore in the June 2024 quarter. It had posted a net profit of Rs 2.05 crore in the year-ago period.

The Indian stock markets experienced volatility throughout the trading session on Tuesday, but bulls drove the index higher toward the close. The S&P BSE Sensex gained 100 points, and the Nifty50 finished 21 points higher at 24,857

​The company has also been increasing promotions and offering discounts, resulting in lower prices for some of its products and taking a toll on organic or self-generated sales at its largest division, fabric and home care

In an exchange filing, the company stated that the issue price would be determined in consultation with the bankers. SBI Capital Markets, Jefferies India Private, and ICICI Securities have been appointed as the book-running lead managers for the issue, it added.

As per the additional disclosure framework for FPIs issued in August 2023, certain FPIs with assets under management (AUM) exceeding Rs 25,000 crore are required to provide granular details of all their investors or stakeholders on a look-through basis to ascertain whether the FPI is effectively domiciled in a land bordering country (LBC) or not.

A Sebi study had earlier pointed to 90 per cent of the trades resulting in losses. The capital markets regulator also came up with a consultation paper on Tuesday proposing ways to limit the activity.