GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded up by 53 points or 0.23% at 23,285.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 ended down by 30.95 or 0.13% to settle at 23,259.20 while the BSE Sensex dropped 203.28 points or 0.27% to 76,490.08.

“The Indian market currently lacks fresh catalysts following the formation of the new government at the center, suggesting that some consolidation may occur in the near term. Institutional flows indicate a mixed trend, with FIIs gradually covering their shorts and DIIs booking…

In the past session TCS saw a significant block deal where 0.65% shares were offloaded. Reports indicated that the shares were sold by Tata Sons but the buyer remains unidentified. Does the share sale indicate any kid of financial strain in the system? 

Recent media reports revealed a significant block deal at Rs 4,035 per share, with undisclosed buyers. This transaction involved Tata Sons, the promoter entity of TCS, divesting a 0.64% equity stake in the technology behemoth on Tuesday, March 19.

What are analysts making of the situation? Here are some views from leading market voices on the road ahead and stock’s prospects