About 55 per cent of the public offers that hit the market since 2008 are still trading below their issue price.
Bank shares were the top gainers led by ICICI Bank.
Expectations of strong results, consistent performance and investors preference for stocks in the defensive space help the sector outshine broader markets.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
Indian equity markets registered their highest single-day percentage gains since early October.
The adjustment orders for AY2012, are expected between January and March 2016.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
HDFC and HUL are the latest entrants in the club
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
Experts believe volatility is here to stay for some time, at least till China stabilises and clarity regarding the US Fed's interest rate move emerges.
Analysts say there is still no visibility of earnings improvement.
The local markets are expected to react to global triggers until the government announces the Union Budget.
Bankers say it's a question of survival for debt-heavy companies.
But earnings of main private holding firm get a booster dose from RIL dividend
A few analysts were surprised by the revenue growth of 3.8 per cent; many had expected revenue growth to be 2.5-2.7 per cent.
Despite high exposure of public sector banks to power, iron and steel sectors, analysts remain in a wait-and-watch mode.
Infosys, however, feels the high level of cash is an important tool to weather tough times.
Experts say the BSE Sensex could rise to around 32,000 in a year.
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
Higher provisioning drags net profit down by 7.8 per cent.
In the capital goods space, Punj Lloyd and KEC International could be in limelight for the expected turnround
Metal stocks fell on Tuesday, with the S&P BSE metal index sliding 2.8 per cent compared to the 0.64 per cent fall in the benchmark S&P BSE Sensex
Ril's shale gas may be impacted due to fracking ban
TCS, Infosys and others are banking on automation to protect their turf in the US, but building a successful revenue model around it may prove difficult
Analysts say the company remains on a firm footing, stake sale by the founders will not impact fundamentals.
Lupin will fund the buy through $100 mn cash reserves and a bridge loan.
Motherson Sumi, Tata Steel, Jaguar Land Rover will face higher cost.
Wipro, India's third largest information technology (IT) services company, is expected to continue with its strong show during the October-December quarter of financial year 2014.
Loan defaults and restructuring to limit profits.
Also keenly watching inflation numbers, with wholesale inflation data expected today
An obscure Indian bank has been an unlikely beneficiary of Western sanctions against Iran, handling billions of dollars from frozen oil payments that boosted its interest margins, but is now having to prepare itself for life after the windfall.
Dr Reddy's gets warning from US health regulator
The 30-share Sensex ended down 261 points at 27,177 and the 50-share Nifty ended down 91 points at 8,214.
Recent rates cuts by most banks may not have a significant impact on margins, say analysts.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
Analysts were expecting the government to propose higher capital infusion for banks.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
Russia's central bank early on Tuesday raised interest rates to 17 per cent to counter the 50 per cent rouble fall in six months.
Analysts say loan growth, Casa ratio and exposure to sectors under pressure did not indicate any stress at United Bank.
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