Indian benchmark indices settled lower on Tuesday, extending the phase of consolidation. Trader sentiments remained cautious with profit booking in broader markets amid the weakening rupee and consistent FII outflows. BSE Sensex shed 57.87 points, or 0.07 per cent, to settle at 82,102.10, while NSE's Nifty50 declined 32.85 points, or 0.13 per cent, to close at 25,169.50 for the day. Advertisement

Select buzzing stocks including Canara Bank, Deepak Fertilisers & Petrochemicals Corporation and NMDC are likely to remain under the spotlight of traders for the session today. Here is what Rajesh Palviya, SVP of Research at Axis Securities has to say about these stocks ahead of Wednesday's trading session:

Deepak Fertilisers & Petrochemicals Corporation | Buy | Target Price: Rs 1,650 | Stop Lo

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