On Tuesday, share markets in India opened in red and were rangebound throughout the day but arrested losses and ended on a flat note.

The BSE Sensex closed lower by 25 points to end at 32,609 while the broader NSE Nifty ended the day higher by 4 points to close at 10,234.

Among BSE sectoral indices, realty index rose the most by 0.8%, followed by oil and gas stocks at 0.7%. Cipla and Bharti Airtel, were among the top gainers.

Top Stocks in Action Today

Wipro share price is likely to be in focus today after the company declared its second quarter results yesterday.

The country’s third-largest software services exporter, posted a 5.5% rise in second-quarter profit on Tuesday, helped by an uptick in its banking and financial services segment.

Bajaj Auto will be among the stocks to watch today after the company reported a marginal decline in consolidated net profits in the second quarter results declared yesterday. Consolidated net profit stood at Rs.11.9 billion for the September quarter, 2017-18.

The Pune-based company had reported a consolidated net profit of Rs. 12 billion for the July-September period of last fiscal.

SIP Collections Continue Rise

Retail investors continued to pour money into equity mutual funds through Systematic Investment Plan (SIPs) during September. This comes as monthly collection through such schemes in September touched Rs 55 billion.

For the first six months of the current year, SIP collections rose 45%, compared with the same period last year, to touch Rs 292 billion.

Most of the above buying interest in mutual funds comes on the back of the recent uptrend in Indian equity markets. Note that the Sensex has been making new highs everyday of late. In fact, amongst all major indices, the Indian stock markets have given the best returns in 2017.

Back in March 2016, we had predicted Sensex to touch 40,000 within a 3 to 4 year timeframe. At this pace, it seems like Sensex might get there sooner rather than later.

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