The Nifty Auto index was trading 0.52 per cent down at 11753.3.
On the technical charts, the RSI of the stock stood at 49.21.
Shares of Indian Energy Exchange have soared as much as 360 per cent in the last one year, whereas the scrip has surged 55 per cent in the last one month.
Facebook shares, under pressure recently, closed up more than 3% with some positive reports out including its plans to create 10,000 jobs in Europe to help build the so-called metaverse - an online world.
“We do not have any exposure to Indian pharmaceuticals in our Asian model portfolio. We have a very significant exposure in IT,†says Manishi Raychaudhuri.
“In cement, we are neutral on UltraTech and have a sell call on most of the other companies.â€
"One of the very good investment ideas is Bharat Electronics Ltd. This is a stock which is available at reasonable valuations."
Whirlpool of India Ltd., incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 31020.16 Crore) operating in Consumer Durables sector.
At the end of September, ITC’s weight in the benchmark index was at 2.7 per cent, which was enough to mark its re-entry into the elite club.
Oil prices fell on Tuesday, with Brent down a second straight day, after Chinese data showed slowing economic growth and U.S. factory output dropped in September, raising fresh concerns about demand amid patchy recovery from the coronavirus pandemic.
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