Indian equity indices began the year 2022 on a strong note, gaining more than 1% on Monday. Following a robust advance, the benchmarks continued to rise on the back of healthy purchasing in the banking and finance sectors, even as investors remained wary of the recent surge of Omicron cases.

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Sensex rose 929.40 points or 1.60% to 59,183.22 and Nifty was up by 271.65 points or 1.57% to 17,625.70 in the previous session. Sensex touched high and low of 59,266.39 and 58,306.45, respectively and there were 25 stocks advancing against 5 stocks declining on the index while Nifty traded in a range of 17,646.65 and 17,383.30 and there were 44 stocks advancing against 6 stocks declining on the index.

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63 moons technologies limited, Aarey Drugs & Pharmaceuticals Limited, Accuracy Shipping Limited, Allied Digital Services Limited, Airo Lam limited, Oriental Hotels, Arihant Capital Markets, ARSS Infrastructure Projects, Hind Rectifiers, Swelect Energy Systems and Alpa Laboratories have made fresh 52 weeks high on Monday.

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Fino Payments Bank has informed the exchange that it has received the RBI’s approval for commencing the International Remittance business under the Money Transfer Service Scheme (MTSS). The Bank will be undertaking inward cross-border money transfer activities and will be partnering with an overseas principal.

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DCM Shriram Industries Limited, HEC Infra Projects Limited, MAS Financial Services Limited, Nippon India Mutual Fund – Nippon India ETF 5 Year Gilt, and Star Health and Allied Insurance Company Limited have hit a 52-week low on Monday.

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Olectra Greentech has announced that it has received a Letter of Award (LoA) from one of the state transport authorities (i.e for inter-city operations) under the FAME-II scheme of the Government of India. This order for the supply of 50 electric buses is on Gross Cost Contract (GCC)/OPEX model basis (i.e for inter-city operations) is for a period of 12 years.

VISESHINFO, JPPOWER, IDEA, YESBANK, and RCOM were the most active equities on NSE.

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Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES) has reported its tractor sales numbers for December 2021. Domestic sales in December 2021 were at 16687 units, as against 21173 units during December 2020.

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Albert David Limited, Vindhya Telelinks Limited, Ucal Fuel Systems Limited, UTI Mutual Fund – UTI Nifty Next 50 Exchange Traded Fund – UTI NIFTY N, Black Box Limited, and Oriental Hotels Limited were the top volume gainers.

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Greaves Electric Mobility, a wholly-owned electric mobility subsidiary of Greaves Cotton, begins the new year 2022 with sales of more than 10,000 units in the month of December 2021. This includes both electric 2-wheelers and 3-wheelers segments.

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21STCENMGM, 3PLAND, 63MOONS, A2ZINFRA, AARON hit the upper price band while AHLWEST, ALPSINDUS, BCG, DGCONTENT, and EASUNREYRL hit the lower price band. There were 308 securities that hit the upper band while 23 hit the lower band on January 3, 2021.