Sensex rose 1736.21 points or 3.08% to 58,142.05 and Nifty was up by 509.65 points or 3.03% to 17,352.45 in the previous session. Sensex touched high and low of 58,211.38 and 56,438.47, respectively. All the 30 stocks were advancing on the index. Nifty traded in a range of 17,375.00 and 16,839.25 and there were 48 stocks advancing against 2 stocks declining on the index.

Accuracy Shipping, Rajnandini Metal, Excel Industries, Rhi Magnesita India, Focus Lighting and Fixtures, SEL Manufacturing Company, Mahalaxmi Rubtech and Shree Ram Proteins have made fresh 52 weeks high on Tuesday.

IndusInd Bank announced that it has been empanelled by the Small Farmers Agri-Business Consortium (SFAC) to facilitate digital collection and settlement services on National Agriculture Market (e-NAM) portal for the transactions between farmers and traders across the country.

Accuracy Shipping Limited, Consolidated Finvest & Holdings Limited, Dev Information Technology Limited, Excel Industries Limited, and Focus Lighting and Fixtures Limited have hit a 52-week low on Tuesday.

Manappuram Finance shares hit a 52-week low of Rs 123.75 and closed 10 per cent lower on the BSE in Tuesday’s intra-day trade after the financier reported a 46% year-on-year (YoY) drop in consolidated net profit at Rs 261 crore in Q3FY22, due to weak operational performance. Net interest income (NII) fell 12% on a YoY basis to Rs 915 crore due to sharp compression in spreads. In Q3FY22, profit before tax (PBT) of gold loan and others segment contracted 44% on a YoY basis at Rs 347 crore, while PBT of microfinance (MFI) business slipped to Rs 0.78 crore from Rs 32.18 crore in Q3FY21.

IDEA, SUZLON, ZOMATO, RPOWER, YESBANK, JPPOWER, BANK BARODA, PNB, ADANI POWER, and MANAPPURAM were the most active equities on NSE.

Ramkrishna Forgings has informed the exchange that has successfully started dispatches of warm forging processed parts to India’s leading axle manufacturer. They had done Capex in 2021, which is completed and now products dispatches have started.

Shriram City Union Finance Limited, India Nippon Electricals Limited, LIC Mutual Fund – LIC MF EXCHANGE TRADED FUND – SENSEX, LIC MF – LIC MF ETF – Nifty 100, and Tata Nifty Exchange Traded Fund were the top volume gainers.

Dredging Corporation of India has reported a turnaround performance for the third quarter ended December 31, 2021. Total turnover stood at Rs 241 crore which is the highest in the last 3 quarters. The company reported a profit after tax of Rs 29 crore which is the highest in the last 7 quarters. 

AARVEEDEN, AKASH, AKG, ALMONDZ, and ALPA hit the upper price band while 21STCENMGM, 3IINFOLTD, 3PLAND, 63MOONS, and AAKASH hit the lower price band. There were 59 securities that hit the upper band while 218 hit the lower band on February 15, 2022.