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The MSCI India index beat the MSCI World gauge of developed nations by more than six percentage points last month, the biggest gap since 2018. The average return from the India gauge 12 months out after such relative outperformance is 15%, according to data compiled by Bloomberg.

A total of 11,426 shares changed hands on the counter till 10:56AM (IST)

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 15276.12 Crore) operating in Consumer Durables sector.

In August, when the one-month lock-in period for anchor investors ended, many rushed to book partial profits in the stock to capitalise on the gains. Out of the 19 mutual funds that participated in the anchor allotment of Zomato IPO in July, eight turned sellers of the stock in August, data compiled by East India Securities showed.

“There is a case for investment in new age startups. One will have to look at some of these in the context of the overall market opportunity and whether these companies are close enough to getting to a stage where EBITDA is positive and cash flow is positive. ”

The S&P BSE Sensex index rose as much as 305 points to touch 58,482.62 in the first few minutes of trade, and the broader NSE Nifty 50 benchmark climbed to as high as 17,425.70, up 70 points from its previous close.

“The level at which the market is now, finding new leadership is going to be a tough task and I would suggest trading with caution from here on.”

Company reported net profit after tax of Rs -351.75 Crore in latest quarter.

Brent crude rose 15 cents, or 0.2% to $73.66 a barrel by 0048 GTM, having gained 0.8% the previous day. US West Texas Intermediate (WTI) crude also climbed 23 cents, or 0.3%, to $70.68 a barrel, after rising 1.1% on Monday.

Spot gold fell 0.2% to $1,790.74 per ounce by 0138 GMT. US gold futures eased 0.1% to $1,792.10.