Vinit Bolinjkar of Ventura Securities, said it might look optically expensive in terms of valuations, but the margins are the best among its peers.
The Sensex climbed 57,500 mark for the first time ever on August 31, while the Nifty scaled 17,100 level.
China's factory activity grew at a slower pace in August as PMI for August came in at 50.1, against July's reading of 50.4.
The shooting star candlestick pattern which was formed during the previous week has been negated and Nifty surpassed its high.
Motilal Oswal, Centrum Broking and Manas Jaiswal Technical recommended Tata Consumer with a target price of Rs 880, Rs 880 and 890, respectively.
Federal Reserve Chairman Jerome Powell is slated to make remarks on Friday as part of the central bank's summit.
ICICI Securities said that the ratio of cash flow to capex for India Inc has reached a two-decade high level of 2.2 times
Rohit Singre of LKP Securities is positive on Aditya Birla Capital with a target price of Rs 112.
Nirav Chheda of Nirmal Bang Securitis is positive on Reliance Industries with a target price of Rs 2,250.
The key equity indices ended near the day's high with robust gains on Tuesday, tracking positive cues in other Asian stocks.