On Tuesday, Indian equity indices dropped for the third day in a row in a tumultuous session, reflecting weakening in global markets and fresh fears about the Omicron variant of COVID-19.

Sensex fell 166.33 points or 0.29% to 58,117.09 while Nifty was down by 43.35 points or 0.25% to 17,324.90 in the previous session. Sensex touched high and low of 58,322.42 and 57,803.87, respectively and there were 17 stocks advancing against 13 stocks declining on the index while Nifty traded in a range of 17,376.20 and 17,225.80 and there were 27 stocks advancing against 23 stocks declining on the index. 

Also Read| Indian equities, rupee fall ahead of Fed decision

The broader indices were trading mixed; the BSE Midcap index fell 0.37%, while the Small cap index was up by 0.05%. The top gaining sectoral indices on the BSE were Power up by 1.39%, Utilities up by 1.16%, Oil & Gas up by 0.71%, Healthcare up by 0.63% and Capital Goods up by 0.59%, while Telecom down by 1.37%, Auto down by 0.87%, Energy down by 0.71%, FMCG down by 0.60%, Finance down by 0.52% were the top losing indices on BSE.

Also Read| Bitcoin news daily: Data and price analysis for December 15, 2021

Bhartiya International, Total Transport Systems, Precision Wires India, Ganesh Benzoplast, and BSL Limited made a fresh 52-week high yesterday.

Natco Pharma has expressed plans to enter into an agreement to acquire Dash Pharmaceuticals LLC, a front-end pharmaceutical sales, marketing, and distribution entity based in New Jersey, the USA subject to the satisfactory completion of due diligence, execution of definitive agreements, and compliance with statutory requirements. 

Also Read| Sensex declines over 200 points while Nifty trades below 17,300 in early trade

Aditya Birla Fashion & Retail announced that the Board of Directors of the company have in-principally approved the acquisition of exclusive online and offline rights to the global brand ‘Reebok’ for the Indian market.

Panache Digilife has won the acclamation and recognition from the Government of India for getting selected under the Production Linked Incentive (PLI) Scheme for IT Hardware manufacture.

Also Read| Trending Stocks: HFCL, Infosys, Airtel, Wipro and others in news today

AMARAJABAT, BAJAJCON, CAPLIPOINT, CARBORUNIV, ISEC, MHRIL, MINDTREE, ROUTE, VOLTAS recovered from their lows.