Indian equity benchmarks closed Monday’s trade with a gain of around 1%, ending above their critical 56,300 (Sensex) and 16,750 (Nifty) levels, as traders went bargain hunting following a global slump for financial markets fueled by concerns about how badly the omicron variant, inflation, and other forces will hit the global economy.

Also Read| Trade Setup: Top 15 things to know before market opens on December 22, 2021

Sensex gained 497.00 points or 0.89% to 56,319.01 and the Nifty was up by 156.65 points or 0.94% to 16,770.85 in the previous session. Sensex touched high and low of 56,900.74 and 56,047.22, respectively and there were 23 stocks advancing against 7 stocks declining on the index while Nifty traded in a range of 16,688.25 and 16,936.40 and there were 39 stocks advancing against 11 stocks declining on the index.

Also Read| Fuel Price today: Petrol priced at Rs 95.41, diesel Rs 86.67 in Delhi on December 22

Paisalo Digital has announced that it has recently signed a co-lending loan agreement with Punjab National Bank, With a vision of empowering the Agri, allied Agri, MSME segment, women entrepreneurs, and small businesses.

Also Read| Zee Entertainment share jumps 2% after merger with Sony gets board approval

From the BSE 500 pack, Mahanagar Telephone Nigam, TCI Express, Apar Industries, Precision Wires India, Indo Thai Securities, Lyka Labs, and Minda Industries have made fresh 52 weeks high on Tuesday.

Also Read| Bitcoin news daily: Data and price analysis for December 22, 2021

Exide Industries has decided to set up a multi-gigawatt lithium-ion cell manufacturing plant. It also plans to apply for and participate in the Production-Linked Incentive Scheme for National Programme on Advanced Chemistry Cell (ACC) battery Storage, issued by the Ministry of Heavy Industries.

ABSLNN50ET, AIAENG, BALAXI, BANDHANBNK, and BBETF0432 have hit a 52-week low on Tuesday.

Also Read| Stock market midday report: Sensex up 300 points, Nifty around 16,800

Chalet Hotels has recently informed the exchange that the Finance Committee of the Board of Directors at its meeting held today (December 21, 2021) has considered and approved the offer of secured, unlisted, non-cumulative, redeemable, and non-convertible debentures up to an amount of Rs 375 crore to ‘International Finance Corporation on a private placement basis. 

IDEA, GTLINFRA, YESBANK, JP POWER, and PNB were the most active equities on NSE.

Also Read| ‘Bitcoin will replace the US dollar’, says Jack Dorsey

Oriental Carbon & Chemicals has informed the exchange that it has commissioned its first phase (5500 MTPA Capacity) of its project for expansion of insoluble sulphur production capacity at Dharuhera, Haryana, today, i.e. December 21, 2021. 

VEDL, FELDVR, ICICILIQ, SML ISUZU, and HIRECT were the top volume gainers.

Indian Oil Corporation board has accorded approval for an investment proposal of a new crude oil pipeline system with a nameplate capacity of 17.5 MMTPA from Mundra to Panipat along with augmentation of a crude oil tank farm at Mundra, at an estimated cost of Rs 9,028 crore.

Also Read| Vodafone sells world’s first SMS as NFT for $121,000

63MOONS, ADANITRANS, AJMERA, ALPSINDUS, and ANANT RAJ hit the upper price band while 21STCENMGM, 3IINFOLTD, A2ZINFRA, ADROITINFO, and AGROPHOS hit the lower price band. There were 148 securities that hit the upper band while 94 hit the lower band on December 21, 2021.