On Tuesday, share markets in India opened on a negative note but ended the day in green.

The BSE Sensex closed higher by 74 points to end the day just below the 34,000 mark at 32,996. While the broader NSE Nifty ended the day higher by 30 points to end at 10,124 levels.

Among BSE sectoral indices, IT stocks rose the most by 1.3%, followed by telecom stocks at 1.2%. Tata Steel and Sun Pharma were among the top gainers.

Top Stocks in Action Today

Godrej Agrovet share price is likely to be in focus today after reports that the mortgage company is planning to bid for Ruchi Soya Industries Ltd, which is undergoing bankruptcy resolution, with an eye on its palm oil business.

A bid would mark Godrej joining the race for Ruchi Soya, in which companies such as Patanjali Ayurved Ltd, ITC Ltd and Emami Ltd have evinced interest.

Canara Bank share price is among the stocks to watch today, after news that the Central Bureau of Investigation (CBI) has charged its former CMD and others with cheating and forgery in a loan default case.

As per the news, The CBI had registered a case on January 27, 2016, on the allegations that the company, dealing in wholesale and retail trading of silver jewellery and articles, etc. had cheated Canara Bank to the tune of Rs 683 million through its accounts at Kamla Nagar, New Delhi branch of the bank.

India’s Manufacturing and IT Sectors Seen to Rebound

As per an article in a leading financial daily, the Reserve Bank of India’s (RBI) data on performance of the private corporate sector has showed that India’s manufacturing sector witnessed an improvement in sales growth in the period October-December 2017-18 (Q3) on annual basis.

However net profit has remained subdued due to lack of support from other/non-operating income. It noted that during Q3 of FY18, manufacturing companies’ sales surged by 14% as compared to similar period of the previous fiscal. While net profit of these companies declined by 2.4%.

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