Sensex rose 533.15 points or 0.88% to 61,150.04 and the Nifty was up by 156.60 points or 0.87% to 18,212.35 in the previous session. Sensex touched high and low of 61,218.19 and 60,850.93, respectively and there were 24 stocks advancing against 6 stocks declining on the index while Nifty traded in a range of 18,227.95 and 18,128.80 and there were 35 stocks advancing against 15 stocks declining on the index.

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Menon Bearings, Indo Rama Synthetics (India), Vaswani Industries, Gufic Biosciences, LG Balakrishnan & Bros, Sejal Glass and Rajratan Global, Pidilite Industries, Adani Green Energy, Adani Enterprises, Gujarat Fluorochemicals, Deepak Fertilizers and Petrochemicals Corporation, and Affle (India) have made fresh 52 weeks high on Wednesday.

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A consortium led by L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of L&T, has secured two offshore mega contracts (worth over Rs 7,000 crore) from a prestigious overseas client. The scope of work comprises EPC for new facilities and integration with existing installations.

One 97 Communications Limited, Spandana Sphoorty Financial Limited, and Uniinfo Telecom Services Limited have hit a 52-week low on Wednesday.

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Heidelberg Cement India has informed the exchange that it has commissioned a state-of-the-art facility to substitute part of the Fossil Fuels with Alternate Fuels (AF) in cement production.

IDEA, JPPOWER, SUZLON, INVENTURE, and YESBANK were the most active equities on NSE.

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Mahindra & Mahindra Financial Services’ Quiklyz, the vehicle leasing and subscription business vertical of the company has recently announced that it will offer the widest range of electric vehicles (EVs) for leasing and subscription to potential customers. Quiklyz currently has the largest portfolio of EVs on the subscription platform. 

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MIC Electronics Limited, Menon Bearings Limited, Control Print Limited, 63 moons technologies limited, and Apex Frozen Foods Limited were the top volume gainers.

RattanIndia Enterprises has recently announced that it has operationalized its e-commerce foray by approving an investment of Rs 350 crore in its wholly-owned subsidiary Cocoblu Retail Limited (Cocoblu).

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3IINFOLTD, 63MOONS, A2ZINFRA, ADANI POWER, and ADL hit the upper price band while 21STCENMGM, AGROPHOS, ANIKINDS, ANSAL API, and ARCHIDPLY hit the lower price band. There were 149 securities that hit the upper band while 105 hit the lower band on January 12, 2022.