Tata Motors Ltd., IIFL Finance Ltd. and State Bank of India will be among the major stocks to watch on Tuesday.

Tata Motors has approved a proposal to split the company into two separate listed entities for passenger and commercial vehicles, while the Reserve Bank of India has directed IIFL Finance to cease and desist from disbursing gold loans with immediate effect.

Meanwhile, the State Bank of India has filed a plea before the Supreme Court seeking an extension of its March 6 deadline to furnish data pertaining to the electoral bonds scheme.

Asian markets declined in the early trade after China set an ambitious growth target of 5% in 2024, raising expectations for officials to unleash more stimulus as they try to lift confidence in a slowing economy.

Hong Kong’s Hang Seng fell the most by over 1.6%.

The relentless rally in U.S. stocks took a breather on Monday, with traders awaiting this week’s batch of job data and remarks from Federal Reserve officials for clues on the interest-rate outlook, reported Bloomberg.

Brent crude was trading 0.14% lower at $82.68 a barrel. Gold was lower by 0.09% at $2,112.61 an ounce.

India’s benchmark indices ended at a fresh record closing high for the third day in a row on Monday, led by index heavyweights Reliance Industries Ltd., ICICI Bank Ltd. and NTPC Ltd.

The NSE Nifty 50 settled at 27.20 points or 0.12%, higher at 22,405.60, and the S&P BSE Sensex gained 66.14 points or 0.09%, to end at 73,872.29. The Nifty hit a fresh record high of 22,440.90 and the Sensex touched a lifetime high of 73,990.13.

Overseas investors turned net sellers of Indian equities on Monday after two sessions of buying. Foreign portfolio investors sold stocks worth Rs 564.1 crore, while domestic institutional investors bought equities worth Rs 3,542.8 crore, the NSE data showed.

The Indian rupee closed flat at 82.89 against the U.S. dollar.