Sensex rose 1,344.63 points or 2.54% to 54,318.47 and Nifty was up by 417.00 points or 2.63% to 16,259.30 in the previous session. Sensex touched a high and low of 54,399.42 and 53,176.02, respectively. All 30 stocks advanced on the index. Nifty traded in a range of 16,284.25 and 15,900.80. All 50 stocks advanced on the index.

Also Read| Trade Setup: Top 15 things to know before market opens on May 18, 2022

The top gainers on the Sensex were Tata Steel up by 7.62%, Reliance Industries up by 4.26%, ITC up by 4.15%, Wipro up by 3.97% and ICICI Bank up by 3.97%, while there was no loser on the Sensex.

Also Read| FedFina, Dreamfolks, Archean Chemical get SEBI’s approval to launch IPOs

The top gainers on Nifty were Hindalco up by 9.80%, Tata Steel up by 7.72%, Coal India up by 7.63%, JSW Steel up by 6.34% and ONGC up by 6.12%.

Also Read| SEBI proposes banning celebrity endorsement of cryptos

AVRO INDIA LIMITED, GSS Infotech Limited, Honda India Power Products Limited, Kanani Industries Limited and Kohinoor Foods Limited have made fresh 52 week high on Tuesday.

Also Read| Who is SS Mundra, new BSE chairman?

Amber Enterprises India Limited, Aurobindo Pharma Limited, Bhartiya International Limited, Campus Activewear Limited and Cigniti Technologies Limited have hit a 52-week low on Tuesday.

Also Read| India’s WPI inflation rises to 15.08%, highest in 17 years

YESBANK, IDEA, SUZLON, LICI, GTLINFRA, SAIL, HINDALCO, VISESHINFO, TATA POWER and PNB were the most active equities on NSE.

Also Read| LIC IPO: Here’s why shares listed at 8% discount to the issue price

Sakar Healthcare Limited, Agro Phos India Limited, Automotive Axles Limited, Honda India Power Products Limited and Salona Cotspin Limited were the top volume gainers.

Also Read| Explained: Changes in repo rates and their impact on stock market

21STCENMGM, 63MOONS, A2ZINFRA, AARON and ADANI POWER hit the upper price band while AGROPHOS, ARIHANT CAP, ARTNIRMAN, AVROIND and BALLARPUR hit the lower price band. There were 256 securities that hit the upper band while 41 hit the lower band on May 17, 2022.