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"The last quarter of CY22 is likely to be a boon for Indian corporates. We expect strong growth momentum in consumer/consumer durables. Along with consumer discretionary companies, as the holiday season approaches, travel and tourism-related companies are also likely to register strong growth. As a result, the entire HORECA (Hotels, Restaurants/QSR, Cafes) space will also benefit."

Dalal Street is rising higher on the back of strong global and domestic cues, coupled with upbeat numbers from India Inc in the latest result season. However, analysts suggest that investors need to be cautious and initiate a trade on both sides to make a quick buck.

The Nifty Bank index was trading 0.81 per cent up at 41642.85.

NTPC Ltd. key Products/Revenue Segments include Generation Of Electricity, Coal, Other Operating Revenue, Consultancy Income and Lease Rentals for the year ending 31-Mar-2022.

Spot gold was steady at $1,635.04 an ounce as of 9:08 a.m. in Singapore, after finishing 0.7% down on Monday. The Bloomberg Dollar Spot Index was little changed. Silver and palladium gained, while platinum was flat.

The auto component maker said that its EBITDA in Q2 FY23 was impacted by expenditures such as initial one-time startup costs of new programmes in Bengaluru and a new facility in Chennai. To meet the increased volume, additional costs on expedited freight and extraordinary manpower costs, further aggravated by supply chain constraints, were incurred, the company said.

At this stage, analysts do not rule out a charge to record high levels in the next few days. However, the outcome of meetings of both the US Federal Reserve and the RBI could change the game in the near term.

Mahindra Holidays & Resorts India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 5704.14 Crore) operating in Tourism & Hospitality sector.

The Nifty Pharma index closed 1.26 per cent up at 13212.25.

“On the weekly time frame Mahindra Holidays has decisively broken out above the “multiple resistance” zone placed between Rs 267-277 range. A Breakout was witnessed during the first week of September. This breakout was accompanied by rising volume,” noted Axis Securities.