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"We are very bullish on the Indian domestic theme like banks, capital goods & infra, auto, midcap cement, pharma, and steel. We also believe that some IT stocks like Wipro are giving a good opportunity for long-term investors to grab considering a 15-20% correction from here is possible as the US is in recession risk."

“When there is a very bullish environment like now in India, valuations go up and the terrific bargains that you normally would want to fight for are not so plentiful. Whereas in countries which are sort of bombed out like in Turkey or South Africa, things are down a lot and there is pessimism. Brazil will be another example, So more opportunities and way more bargains.”

CLSA downgraded Tata Steel to sell with a target price of Rs 90 as Q2 results were below estimates.

“HDFC Bank is the top performer in terms of the balance sheet. One should definitely look at HDFC Bank. The entire Bank Nifty is close to an all-time high and HDFC Bank is still struggling. If one looks at risk versus reward, then picking HDFC Bank from here is a no brainer.”

Bharat Electronics Ltd. key Products/Revenue Segments include Electronic Components & Equipments, Sale of services, Other Operating Revenue, Scrap and Rent for the year ending 31-Mar-2022.

The safe-haven greenback got some support from overnight losses on Wall Street, but a rise in U.S. stock futures and firmness in Asian stocks, led by China, scuppered that demand on Tuesday. Lower long-term U.S. Treasury yields also removed a crutch for dollar strength.

“Globally markets are looking forward to the Fed commentary after its meeting on November 1st and 2nd. A 75 bps hike in rates is already discounted by the market. If the Fed indicates moderation in rate hikes, going forward, markets would positively respond to that,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Nifty futures on the Singapore Exchange traded 95 points, or 0.53 per cent, higher at 18,155.50, signaling that Dalal Street was headed for a positive start on Tuesday.

With around half of the companies in the S&P 500 having reported their quarterly results so far, third-quarter earnings growth estimates stands at 4%, according to Refintiv data, slightly lower than the 4.1% last week. Global Payments Inc slumped 8.82% after the company forecast full-year revenue below estimates.

OPEC raised its forecasts for world oil demand in the medium-and longer-term on Monday, saying that $12.1 trillion of investment is needed to meet this demand despite the transition to renewable energy sources.