In the absence of claims from a majority of the bondholders of the two Sahara companies, which were asked to return the money to nearly 3 crore investors along with interest in August 2012 through a Supreme Court order, the total amount refunded by Sebi rose by just about Rs 9 crore during the last fiscal, 2021-22, while the balance in Sebi-Sahara refund accounts rose by Rs 1,515 crore during the year.

With balance sheets of corporates being strong, combined with utilisation levels inching towards optimum levels, the capex cycle revival is expected to lead to a strong boost in orders for industrial and capital goods companies. This combined with China plus one strategy and Europe plus one story emerging, the narrative of India transitioning towards upping its manufacturing presence on a global level only strengthens, said Nitasha Shankar, PRS – Head Research, Yes Securities.

According to a recent ET report, Tata Sons has commenced plans to halve the number of listed companies in the conglomerate to an estimated 15 in the coming months to focus on investing in fewer but bigger entities that can ably compete in the marketplace.

"Power stocks continued its uptrend this week too on the recent Govt. decision to extend the deadline by 2 years for the implementation of Flue Gas Desulphurisation (FGD) equipment norms in various categories of power plants. Steel stocks too appear to have been buoyed by the potential removal of recently imposed export duty."

"Nifty has closed just near to 17,500 and upward sloping trendline from the low of June 2022. If it manages to hold Friday's low of 17,497, then bounce back to a semi-annual-pivot level of 17,782 is possible. On the other hand, if it breaks Friday's low then it will move towards 17,177-16,950 levels."

"Nifty Bank has outperformed Nifty with a healthy margin recently. YTD, Nifty Bank has risen 15% against 1% rise in Nifty. The technical setup of Nifty Bank is much stronger than Nifty. Indices like IT and Pharma have been dragging Niftys performance while participation of PSU banks have helped Nifty Bank to become one of the best performing sectors."

"It is time to be cautious but not fearful. Already the positions are light, and the mood is full of pessimism with record high level of cash in institutions globally," says Gaurav Dua - SVP, Head - Capital Market Strategy – Sharekhan by BNP Paribas.

The Nifty Pharma index was trading 0.89 per cent down at 12569.45.

In the Nifty 50 index, 16 stocks were trading in the green, while 33 stocks were trading in the red.

In the Nifty 50 index, 22 stocks ended in the green, while 28 stocks closed in the red in today's trade.

In the Nifty50 index, 22 stocks closed in the green, while 28 stocks ended in the red.

In the Nifty pack, 22 stocks closed in the green, while 28 stocks ended in the red.

The Nifty Realty index closed 0.69 per cent down at 476.25.

The Nifty Auto index closed 0.32 per cent down at 13222.25.

In the Nifty pack, 19 stocks were trading in the green, while 31 stocks were trading in the red.

Stocks that were in focus included names like Tata Investment, which rose more than 11 per cent, Campus Activewear which hit a fresh 52-week high and DB Corp closed with gains of 20 per cent on Tuesday.

In the Nifty 50 index, 33 stocks ended in the green, while 16 stocks closed in the red in today's trade.

In the Nifty50 index, 33 stocks closed in the green, while 16 stocks ended in the red.

In the Nifty pack, 33 stocks closed in the green, while 16 stocks ended in the red.

In the Nifty 50 index, 41 stocks were trading in the green, while 9 stocks were trading in the red.

The Nifty Auto index was trading 0.23 per cent up at 13286.9.

The Nifty Bank index was trading 0.58 per cent up at 40809.85.

“By and large when the market is super bullish on looking for new ideas, holding companies come up and one can see some of their discount narrow. One can look at Tata Investment as that has always been a stock which has traded at almost 40-50 discount to its holding. One could look at that as a closed-end mutual fund,” says Anand Tandon.

The companys quarter-on-quarter net profit grew by a massive 343 per cent from Rs 20.23 crore in the previous quarter due to strong operating performance and a healthy topline.

The company had posted a consolidated profit after tax of Rs 59.89 crore in the same quarter of the previous fiscal.

The two companies had issued the OFCDs during 2008 and 2009 period, and were allegedly done in contravention of the provisions of the Sebi's ICDR (Issue of Capital and Disclosure Requirements) Regulations and PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules.

RO Jewels will go ex-bonus today in 82:32 ratio i.e. 82 new bonus shares for every 32 shares held by existing shareholders. Mishtann Foods will also go ex-bonus today in 1:1 ratio.Kallam Textiles will go ex-rights today

The project will serve the water demands of districts of Jodhpur, Pali and Barmer and also supply raw water to Delhi Mumbai Industrial Corridor and Rajasthan State Industrial Development Investment Corporation Ltd (RIICO).

Noel Tata will continue to hold a non-executive post as chairman of Trent, Tata Investment Corp., Voltas and Tata International. He is also vice chairman of Titan.