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The Dow Jones Industrial Average traded 88 points higher, or 0.3%. The S&P 500 advanced 0.3%, and the Nasdaq Composite added 0.6%.

Fairfax has more than 10 per cent shareholding in two mutual fund houses - Quantum Mutual Fund and IIFL Mutual Fund.HWIC Asia, an affiliate of Fairfax Financial Holdings, has a 49.2 per cent stake in Quantum Advisors, the sponsor of Quantum Asset Management Company and Quantum Mutual Fund.

“The index is likely to witness selling pressure near 17,815-17,900. However, the overall structure suggests that a sharp decline in the short term is unlikely. What we can expect is a short-term consolidation in the broad range of 17,200-18,000,” Ratnaparkhi said.

In its order, SAT said that respondent (NSE) as a stock exchange has jurisdiction only against its trading members and cannot issue any directions to any other entity including the appellant (Kotak Mahindra Bank) who is not the trading member.

In the bull case scenario, it said that the stock can rally up to Rs 3,400 or 29 per cent from the current market price. However, lower-than-expected telecom ARPU or subscribers can lead to a valuation multiple de-rating.

The Nifty Pharma index closed 1.22 per cent up at 12699.4.

There will be no action in equity segment, equity derivative segment and SLB Segment on Wednesday, according to the list of stock market holidays 2022, available on the official BSE website.

“Both palm kernel oil and palm oil have fallen considerably but they are still higher than earlier and this is going to be a big fillip for the Indian palm oil industry. The government’s initiatives in promoting palm oil are excellent and that will help us grow. We are planning to expand considerably in the north-east.”

"Spot gold prices for 24-carat gold in Delhi fell by Rs 66 per 10 grams on sharp rupee appreciation despite steady COMEX prices," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.