The
30-share BSE Sensex closed 388.76 points or 0.70% high at 56,247.28, after
trading in the range of 54,833.50 and 56,324.54. Amid weak global sentiments,
the broader Nifty surged 135.50 points or 0.81% to settle at 16,793.90. Out
of 50, as many as 33 Nifty shares closed higher while 17 declined.

Among sectoral indices, metal surged up 5%, oil & gas
index up 2% and power index up 1.5%, while auto and bank indices are trading in
the red. BSE midcap and smallcap indices are up 0.5% each.

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Here are the key stocks that moved most during today’s
trading session:

Future Group Companies: Share of Future Group
companies jumped with RIL stepping in to take over its operation. Shares of
Future Retail jumped 6.33% to close at Rs 48.70, Future Enterprises jumped 18.18%
to Rs 9.75, Future Supply Chain Solutions surged 9.06% to Rs 67.40, Future
Lifestyle Fashions jumped 2.82% to Rs 52.85 and Future Consumer gained 5.11% to
close at Rs 7.20.

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Biocon: Share of the
pharmaceutical company plunged 11.39% to close at Rs 349.60 after it announced
that its subsidiary Biocon Biologics had entered into a definitive agreement
with Viatris to acquire the US-based company’s biosimilars business and the
deal is worth up to $3.335 billion in stock and cash.

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GAIL India: The shares closed 7.42%
higher at Rs 144.80 after Jefferies upgraded the stock to ‘buy’ from ‘hold’
citing geopolitical developments in Europe, which could keep natural gas prices
at higher levels.

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Bharti Airtel: The share closed 0.38%
lower at Rs 686.00 after shareholders approved the issue of preferential shares
to Google for its Rs 7,500 crore investment and the telecom company entered
into an agreement with Vodafone Plc to buy a 4.7% stake in Indus Towers.

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Rain Industries: The share was down 7.83%
to close at Rs 183.60 after the company reported a consolidated net profit of
Rs 97 crore in the December quarter against a profit of Rs 307 crore in the
year-ago period. However, the net revenue jumped 52% to Rs 4,026 crore as
compared to Rs 2,640 crore in the corresponding quarter previous year.