Following two days of steep losses, Indian equity indexes staged a strong return on Tuesday. The rebound was broad-based, with financial, information technology, oil and gas, and metal companies contributing the most to the increases in both the Sensex and the Nifty50. The Bank Nifty increased by 2.5%.

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BSE Sensex rose 886.51 points or 1.56% to 57,633.65 and the Nifty was up by 264.45 points or 1.56% to 17,176.70. The BSE Sensex touched high and low of 57,905.63 and 56,992.27, respectively and there were 29 stocks advancing against 1 stock declining on the index while The Nifty traded in a range of 17,251.65 and 16,987.75 and there were 45 stocks advancing against 5 stocks declining on the index.  

BSE Metal Index has outperformed the benchmark indices in Tuesday’s trading session. It has zoomed up to 3.2% on an intraday basis. Hindalco Industries, SAIL, Tata Steel, Jindal Steel, and JSW Steel are some of the top gaining stocks within the metal index. 

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The stocks of Yaarii Digital Integrated Services, Hinduja Global Solutions, PNB Housing, Bajaj Hindusthan Sugar, and Trident have locked in the upper circuit.

The stock of Hindustan Copper has jumped 10.06% in Tuesday’s trading session ending at Rs 125.80 per share. After trading in a sideways trend for a couple of previous trading sessions, the stock has formed a substantially long green candle on the charts.

Infosys announced a strategic collaboration with the Financial Times (FT), one of the world’s leading business news organizations. As the Digital Innovation Partner for the FT, Infosys will leverage digital innovation to support the latest creative and engaging data-led storytelling experiences for FT’s readers, which include some of the world’s most influential decision-makers.

63 moons technologies, Agarwal Industrial Corporation, Aro Granite Industries, Automotive Stampings and Assemblies, Black Box Limited, and Bedmutha Industries made a fresh 52-week high yesterday. AVANTI FEEDS, BHARATFORG, COFORGE, GODREJPROP, HIND ZINC, JUBLINGREA, KRBL, MINDTREE, SRTRANSFIN, STARCEMENT, and VAIBHAVGBL recovered from their lows.

Praj Industries has announced that it has successfully developed an innovative solution to process sugarcane juice into a new sustainable feedstock BIOSYRUP® for round the year ethanol production. Sugarcane juice is a perishable and seasonal feedstock that cannot be stored for more than 24 hours.

Prakash Industries has announced that it has secured long-term coal linkages of 8, 10,200 MT per annum for the next five years for its captive power plant in the coal linkage auction concluded today by Coal India Limited under Tranche-V in the CPP subsector. The above linkages will insulate the Company against the volatility in the coal prices and thus provide long-term stability to the operations of the company and improve its operating and financial performance. 

ADF Foods via its wholly-owned subsidiary, ADF Foods UK Limited has entered into an exclusive distribution agreement with Patanjali Ayurved Limited (Patanjali). This agreement entails the distribution of Patanjali consumer goods in the geographic regions of Western Europe and the United Kingdom.