Fears of an earlier-than-expected rate hike by the Fed to tackle inflation and increasing cases of the Omicron variant of COVID-19 kept investors on the back foot globally.
Rahul Sharma of Equity99 believes the market is expected to give good returns in coming days given the positive expectations of Q3 results and positive global cues.
Sharma expects the level of 17,915 to act as major support for the Nifty, which, if broken, might be followed by 17,850.
“On commercial real estate, IT already buys about 50 percent of the space there incrementally; about a quarter of residential real estate is bought by IT employees.
“Real estate is a very significant and important part of the economy and even though there may be fewer companies that are capital efficient to give the nature of the business or where corporate governance standards have improved dramatically, and I think that real estate could be another very interesting space.
ONGC, Divi’s and TCS were also among top gainers.
Metal stocks were trading in the red on Tuesday with the sectoral gauge BSE Metal down over 2 percent during an otherwise positive sentiment in the stock market.
Digital Futurists Angels Network to deploy a corpus of Rs 100 crores over the next four years in technology startups.
Shriram Transport Finance Company, a part of the Shriram Group, has successfully raised $475 million through fixed-rate senior secured bonds for a 3.5-year tenor at an interest rate of 4.15 percent.
The Delhi Disaster Management Authority on Tuesday said all private offices in Delhi shall be closed, except those which fall under the exempted category.
TCS, Infoys and Wipro rose on Tuesday ahead of quarterly earnings announcements by the three IT majors due this week.
Investors have been hesitant to put money, says Peter Milliken of Deutsche Bank.
We will get a higher wallet share from customers through this order and we are currently looking at an EBIDTA margin of 25-27 percent for this contract.