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In the domestic equity market, the 30-share BSE Sensex was trading 157.99 points or 0.26 per cent higher at 60,813.71. The broader NSE Nifty advanced 44.60 points or 0.25 per cent to 18,097.90. Foreign Institutional Investors (FIIs) turned net buyers in the capital markets on Tuesday as they purchased shares worth Rs 211.06 crore, according to exchange data.

On the technical charts, the RSI of the stock stood at 35.7.

A total of 5,838 shares changed hands on the counter till 11:28AM (IST).

Participants in the January poll were “a lot less bearish” than in the fourth quarter, sparking a rotation to emerging markets, Europe and cyclical stocks, and away from pharmaceuticals, technology and the US, strategists led by Michael Hartnett wrote in a note. Allocation to US equities “collapsed” during the first month of 2023, with investors a net 39% underweight the asset class, they said, exceeding even the UK’s 15%.

If the quantum of hike in tax is around this level, then Jefferies believes ITC can absorb it by passing on to consumers and not seeing any major hit to volumes. The sector has seen notable recovery in legal cigarette volumes this year, while most other parts of consumption have seen sharp inflation in the past three years.

In the December quarter, Kacholia added two new stocks -- Goldiam International and Raghav Productivity Enhancers -- to his kitty.

“India’s current underperformance is likely to be temporary since India has the best growth and earnings prospects among large economies. However, concerns of a global slowdown this year and the possibility of FIIs again turning sellers at higher levels will cap the upside to the market in the near-term,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Moving up as a follow through of a Hammer patternformation at the daily lower Bollinger Band.

On the options front, the weekly maximum Call OI is placed at 18,000 and then towards 18,100 strikes while the maximum Put OI is placed at 17,900 and then towards 17,800 strikes.

Tata Consultancy Services, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1236173.92 Crore) operating in IT Software sector.