The Indian market closed flat but positive on Tuesday for the third consecutive day. Sectorally, utility, power, oil and gas, and energy stocks witnessed buying, while capital goods, IT, and realty stocks saw selling. Adani Enterprises surged over 13%, India Oil Corporation hit a 52-week high, and Balkrishna Industries rose over 5% on Tuesday. Viral Chheda, Sr. Technical Analyst at SSJ Finance & Securities, recommends buying Adani Enterprises and Indian Oil Corporation, while booking profits on Balkrishna Industries.
Tata Power shares slide 4% after company loses $490 million arbitration challenge in Singapore. What’s the case about?
Tata Power shares tumbled after the Singapore International Commercial Court dismissed the company’s challenge to a $490 million arbitration award in favour of Kleros Capital