The domestic equity benchmarks ended with limited gains on Tuesday. The Nifty closed above the 19,300 level. Realty, metal and media stocks were in demand while PSU bank, FMCG and pharma shares declined.

As per provisional closing data, the barometer index, the S&P BSE Sensex rose 79.22 points or 0.12% to 65,075.82. The Nifty 50 index added 36.60 points or 0.19% to 19,342.65.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index gained 0.45% while the S&P BSE Small-Cap index advanced 0.69%.

The market breadth was positive. On the BSE, 2,072 shares rose and 1,522 shares fell. A total of 154 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.39% to 12.23.

Economy:

RBI Governor-headed Sub-Committee of the Financial Stability and Development Council resolved to remain vigilant against any build-up in vulnerabilities in the financial system and the broader economy amidst global uncertainty.

All-India Rice Exporters' Association (AIREA) conveyed to the government that its minimum export price (MEP) of $1,200/tonne will be a ?deterrent? to exports.

India's G20 Sherpa Amitabh Kant stressed on the need to boost crop productivity through adoption of new cutting-edge technologies and said the farm sector should be made adaptive to climate change.

New Listing:

Shares of Pyramid Technoplast was locked in a lower circuit of 5% to closed at Rs 175.75 on the BSE, representing a premium of 5.87% compared with the issue price of Rs 166.

The scrip was listed at a price of Rs 185, at a premium of 11.45% as compared to the issue price.

So far, the stock has hit a high of 188 and a low of 175.75. On the BSE, over 2.83 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty Realty index rose 1.69% to 547.05. The index added 2.65% in two trading sessions.

Indiabulls Real Estate (up 5.44%), Macrotech Developers (up 4.18%), DLF (up 2.39%), Brigade Enterprises (up 2.18%), Oberoi Realty (up 1.68%), Mahindra Lifespace Developers (up 1.65%), Sobha (up 1.5%), Godrej Properties (up 0.8%), Prestige Estates Projects (up 0.52%).

Stocks in Spotlight:

Titan Company rose 0.88%. CRISIL Ratings has reaffirmed its 'CRISIL AAA/Stable/CRISIL A1+' ratings on the bank facilities of the company.

Maruti Suzuki India added 0.27%.The auto major said that its board has approved the appointment of Arnab Roy as chief financial officer (CFO) (designate) with effect from 16 October 2023 and will take the role of whole-time CFO of the company, effective from 1 January 2024.

Gokaldas Exports (GEL) was locked in an upper circuit of 20%. GEL through its wholly owned subsidiaries has entered into an agreement to acquire Atraco Group (Atraco), a leading manufacturer of apparel with a strong market position and customer relationships across U.S. and Europe. The equity value of the transaction is US$ 55 million and the same will be funded by a mix of debt and internal accruals.

PG Electroplast jumped 9.85% after the company's consolidated net profit surged 106.2% to Rs 33.81 crore in Q1 FY24 from 16.40 crore in Q1 FY23. Revenue from operations jumped 26.2% to Rs 677.62 crore in Q1 FY24 as compared with Rs 536.73 crore in Q1 FY23. Meanwhile, the board has approved to raise Rs 500 crore through qualified institutions placement.

Gillette India shed 0.09%. The company reported 35.74% rise in net profit to Rs 91.75 crore in the quarter ended June 2023 as against Rs 67.59 crore recorded in quarter ended June 2022. Revenue from operations increased by 12.04% year on year to Rs 619.44 crore in the quarter ended 30 June 2023.

Tata Power Company rose 0.76% after the company said its subsidiary, Tata Power Renewable Energy (TPREL), signed a Group Captive Power Delivery Agreement (PDA) with the ANAND Group.

SJVN gained 1.30%. SJVN Green Energy (SGEL), a wholly owned subsidiary of the company, has received letter of awards from Assam Power Development Corporation (APDCL) for three Solar Power Projects of cumulative capacity 320 MW.

NBCC (India) added 0.26%. The company has bagged a work order worth Rs 66.32 crore from the Indian Medical Association. The work order is for planning, designing and executing of IMA House at Indraprastha, New Delhi.

HFCL fell 0.42%. The company announced that its board approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 68.61 per share. The floor price of Rs 68.61 is at a discount of 3.77% to the previous day's closing price of Rs 71.30 on the BSE.

Som Distilleries & Breweries advanced 2.39% after the company announced that its beer brands have received permissions for supply to the state of Chhattisgarh. The company further informed that it has also commenced the initial dispatches to the state.

Capacite Infraprojects rallied 4.26% after the company's joint venture (JV) with Mohan Mutha Exports received order from Rail Vikas Nigam (RVNL) worth Rs 575 crore for EPC project in Maldives. The project is to be completed within a period of 18 months from the date of commencement. The civil construction company will have 51% share in the joint venture.

Rashtriya Chemicals & Fertilizers (RCF) gained 2.70% after the company announced that the Department of Public Enterprises (DPE) has granted the Navratna Status to RCF.

Global Markets:

Markets in Europe and Asia advanced on Tuesday after US equities moved higher overnight, with traders awaiting a raft of economic figures over the next few days for clues on the outlook for global central bank policy.

Investors also continue to try to chart the course of monetary policy, after Federal Reserve Chairman Jerome Powell reiterated on Friday that the central bank could hike interest rates further, if inflation does not return to target.

While Powell said the Fed could be flexible, he added it still has further to go to fight inflation. ?Although inflation has moved down from its peak ? a welcome development ? it remains too high,? he said in prepared remarks.

?We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.?

Wall Street ended higher and U.S. Treasury yields retraced earlier gains on Monday, capping the first session of a week likely to be light in volume but heavy with economic data that could affect whether the Federal Reserve will take a rate-hike breather in September.

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