Insurance firms raised stakes in Nifty500 stocks last quarter, signaling confidence. Bank of Maharashtra (8.69%), Cochin Shipyard (2.95%), and IDFC First Bank (10.9%) saw the highest increases in insurance shareholding.

U.S.-headquartered cryptocurrency exchange Coinbase Global has registered with India s Financial Intelligence Unit (FIU), allowing it to offer crypto trading services in the country, the company said on Tuesday.

Ather Energy, backed by Hero MotoCorp, is considering an IPO in Mumbai at a $1.2 billion valuation. The offering may raise $400 million through primary and secondary shares. Founders and investors will offload stakes, but Hero MotoCorp will retain its holdings.

Gold prices rose on Tuesday, supported by safe-haven flows as trade war concerns sapped risk sentiment across wider markets, while attentions was on U.S. inflation data.

Infrastructure Leasing & Financial Services (IL&FS) has listed the Roadstar Infra Investment Trust units on NSE on Tuesday as a part of its debt restructuring.

The Indian rupee strengthened on Tuesday supported by likely intervention by the central bank and a rise in Asian currencies, as the dollar weakened to its lowest level since November against major peers.

Stock Market Highlights: ​​The Sensex closed in the red on Tuesday, while the Nifty managed to stay above 22,490, buoyed by gains in realty, while the benchmarks offset a massive crash in IndusInd Bank even as it witnessed declines in the IT and private banking sectors.

The Nifty IT index closed 0.65 per cent down at 37400.1.

IndusInd Bank crash: Devina Mehra reiterated her cautious stance on banking stocks after IndusInd Bank shares crashed 27% due to forex derivative miscalculations. The Rs 1,577 crore post-tax impact raised concerns over internal controls, prompting brokerages to downgrade the stock amid trust and valuation concerns.

US policy uncertainty could slow global growth, but other regions may be better positioned. India’s market has lagged but may have endured most of its sell-off. Strong policy measures are needed to attract investors and restore confidence.