Laurence Balanco of CLSA, on Tuesday, said that the next target for Nifty is 18,800. Balanco also said that Nifty Bank and autos stand out, given their underperformance since February.

Tata Motors’ shares jumped as much as five percent on Tuesday after the auto major said its global wholesales in Q2 FY22 grew 24 percent on-year. Today’s upmove in the stock follows the eight percent jump in the stock on Monday. The stock registered a fresh 52-week high again today at Rs 435.65.

Stock Market Highlights: Indian equity benchmarks extended gains to a third straight day on Monday, shrugging off weakness in global markets. Gains in automobile, metal and financial and stocks pushed the market higher, but sharp losses in IT shares such as TCS, Infosys and Tech Mahindra limited the upside. Broader markets supported the upmove in the market, with the midcap and smallcap indices rising 0.6 percent and 1.2 percent respectively.

Nippon India Mutual Fund is bullish on the commercial vehicles (CVs) space, Sailesh Raj Bhan, deputy chief investment officer (CIO)-equity investments, told CNBC-TV18. He also believes branded domestic pharma, hospitals and diagnostics will continue to enjoy advantage. He further said that he sees valuations in PSU banks improving but the value-to-reward equation is still stark.