Shares of Delta Corp fell over 4 percent in morning trade on Tuesday after the company reported a 17 percent decline in consolidated net profit for the fourth quarter to Rs 48 crore as compared to Rs 58 crore in the corresponding period of last year. The company's sales rose marginally to Rs 218 crore for the March quarter under review compared to Rs 211 crore in the year-ago period.

In an interview with CNBC-TV18, Suresh Tantia, Senior Investment Strategist, Credit Suisse, said that he is cautious on India due to expensive valuations. He also said that there might be a slowdown in growth in Europe due to the Russia-Ukraine war. He believes US may face a similar turmoil too and higher inflation over there could impact growth.

Maruti Suzuki share price: After oscillating between losses and gains in early trade on Tuesday, shares of Maruti Suzuki India entered into the positive territory. At 9:30 am, the stock was trading 1.4 percent higher at Rs 7,669.9 on BSE. Today’s gains in the automaker’s stock was after the company said that the fire incident at the company’s R&D centre does not affect the production operations of Maruti Suzuki India.

In the past few months, a spate of domestic fashion labels backed by private equity firms has made a beeline for Dalal Street. Sequoia Capital-backed women's bottom-wear brand Go Colours raised Rs 1,014 crore via its IPO and made a stellar debut on the bourses in November, listing at a 90 percent premium to its issue price.