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​The markets have been buoyant for all these reasons and we are also likely going to see a lot of corporate profitability surging ahead because there has been a general demand recovery post the lull we have seen the last three-four years particularly on the consumer side, both durables as well as fast moving goods.

The rupee ended at 83.48/$1 on Tuesday, versus 83.49/$1 the previous day, Reuters data showed and traded in the 83.47-83.51 band through the days’ session. Powell is scheduled to give his semi-annual testimony to the US Congress on Tuesday and Wednesday.

Gold prices dropped more than 1% due to a surge in equities and profit-taking by investors following a recent rally. Speculation on U.S. Federal Reserve rate cuts continues to influence the market. Stay informed on upcoming economic indicators and central bank decisions.

Capital Group held a 2.22% stake in the company as on March 31, 2024. In December last year, Capital Group divested a 3.14% stake in Mankind Pharma.

The BlackRock Investment Institute (BII) said on Tuesday that recent parliamentary elections in Britain had made valuation of UK equities attractive, while Japan stocks remained its favoured equity investment play.

Fast fashion retailer Shein said it would invest 250 million euros ($271 million) over five years in the UK and Europe as the company battles criticism of its model based around flying cheap clothes and accessories from factories in China direct to shoppers worldwide.

At 9:34 a.m. ET, Dow e-minis had decreased by 58 points (0.15%), while S&P 500 e-minis had risen by 13.75 points (0.24%), and Nasdaq 100 e-minis had increased by 102.75 points (0.5%).

Capital markets regulator Sebi on Tuesday said it has sought public views on the proposed amendments to the master circulars for REITs and InvITs. In a consultation paper, Sebi said these amendments will provide clarity on the nomination rights of directors to the boards of REIT (Real Estate Investment Trusts) and InvIT (Infrastructure Investment Trusts) managers.