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The Indian market opened higher on Tuesday tracking positive global cues. The S&P BSE Sensex rose over 500 points while the Nifty50 managed to reclaim 17,400 levels in the first 15-minutes of trade.

According to the data from exchanges, it can be ascertained that the bulk deal was executed. However, ETMarkets.com independently could not verify the same and the identity of the buyers is still unknown. 14.73 crore shares of SAMIL traded on BSE with a volume of Rs 951.61 crore as of 10.15 am. Meanwhile, 5.44 crore shares of the company, worth Rs 354.5 crore, exchanged hands on National Stock Exchange (NSE).

The focus to cut inflation at any cost is widely expected to cause a recession in the USA. Ultimately, the US dollar will reflect their economic reality i.e. a slowing economy and possibly even a recession which will cause eventual movement out from the US in search for growth.

Indian equities witnessed record outflows to the tune of $24 billion from FIIs year-to-date, eventually washing out net inflows of a little over $23 billion seen from them in 2020.

Orient Electric Ltd., incorporated in the year 2016, is a Mid Cap company (having a market cap of Rs 5742.80 Crore) operating in Consumer Durables sector.

Promoters held 27.49 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 16.05 per cent and 6.21 per cent, respectively.

CLSA maintained its buy rating on PVR with a target price of Rs 2,410. The company saw a weak Bollywood & Hollywood show in Q2FY23, said CLSA, although it added that Q2FY23 revenue and EBITDA are a tad ahead of estimates. The current quarter has begun well and growing screens as well as a possible merger ahead are some of the key positives for the stock, said the note.

PG Electroplast, Bharat Dynamics, Gujarat Fluorochemicals, Mazagon Dock Shipbuilders, Shoppers Stop, Speciality Restaurants, Deepak Fertilisers & Petrochemicals, Raymond, Shanthi Gears, Shree Renuka Sugars, DB Realty, Vadilal Industries, Mirza International, and Cressanda Solutions are among 50 smallcap stocks that have given more than 100% returns since last Diwali.

The Relative Strength Index of the stock stood at 42.96 on Tuesday.

Aviom’s sourcing model, known as Aviom Shakti, has created earning opportunities for over 55,000 women, who serve as referral agents for housing loans in lieu of commission. Going forward, it plans to add 3,000 women as agents every month.