On Tuesday, Indian equity indices were upbeat and closed higher for the third day in a row, getting cues from global markets. After a strong start, key indicators were erratic as traders became concerned about the latest data from the Centre for Monitoring Indian Economy (CMIE), which revealed that the country’s unemployment rate hit a four-month high of 7.91% in December 2021.

Also Read| Stock market midday report: Sensex up 120 points, Nifty around 17,800

Sensex rose 672.71 points or 1.14% to 59,855.93 and Nifty was up by 179.55 points or 1.02% to 17,805.25 in the previous session. Sensex touched high and low of 59,937.33 and 59,084.40, respectively and there were 25 stocks advancing against 5 stocks declining on the index while Nifty traded in a range of 17,827.60 and 17,593.55 and there were 35 stocks advancing against 15 stocks declining on the index.

Also Read| Bitcoin news daily: Data and price analysis for January 5, 2022

63 moons technologies limited, Aarey Drugs & Pharmaceuticals Limited, Aaron Industries Limited, Allied Digital Services Limited, Affle (India) Limited, Banswara Syntex, Dwarikesh Sugar Industries, Indo Rama Synthetics (India), Mirza International, Neogen Chemicals and Compuage Infocom have made fresh 52 weeks high on Tuesday.

Also Read| AU Small Finance Bank surges over 10% on Q3 report

Alembic Pharmaceuticals has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Doxycycline Hyclate Delayed-Release Tablets USP, 75 mg, 100 mg, 150 mg, and 200 mg.

Also Read| SEBI to send notices and summons through WhatsApp, Telegram

BSE Power index was up by 2.59% outperforming the benchmark indices in Tuesday’s trading session. NTPC, Torrent Power, Powergrid Corporation, Adani Transmission and Adani Green qualified to be the top-performing stocks within the index.

Also Read| Gold, silver and other metal prices on January 5, 2022

HEC Infra Projects Limited, MAS Financial Services Limited, Star Health and Allied Insurance Company Limited, Vishwaraj Sugar Industries Limited have hit a 52-week low on Tuesday.

Also Read| Trending Stocks: AU Small Finance, Jindal, GAIL, HUL, Dr Reddy and others in news today

The stock of Pidilite Industries has jumped 5.12% in Tuesday’s trading session. It has broken the current resistance level and has formed a long green candle on the charts. 

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

Also Read| US Stock Market: DJIA, S&P500, Nasdaq & Russell ended mixed on Tuesday

Vanta Bioscience has informed the exchange that they have received orders of Rs 1.18 crore from Coromandel International Limited (India), for carrying out various preclinical studies/toxicity studies on animals, agro chem studies and other studies.

Also Read| Trade Setup: Top 15 things to know before market opens on January 5, 2022

Axis Mutual Fund – Axis AAA Bond Plus SDL ETF – 2026 Maturity, MIC Electronics Limited, Ujaas Energy Limited, UTI Mutual Fund – UTI-Sensex Exchange Traded Fund, and Revathi Equipment Limited were the top volume gainers.

Also Read| Sensex falls over 140 points while Nifty slips below 17,780 in early trade

Kitex Garments has provided a quarterly update for the quarter ended December 31, 2021. Total revenue during the quarter stood at Rs 205 crore as against Rs 121 crore in the same quarter for the previous year.

Also Read| Apple surpasses Microsoft to become first company with $3 trillion market value

21STCENMGM, 3PLAND, 63MOONS, A2ZINFRA, and AAREYDRUGS hit the upper price band while ABAN, ANSALHSG, BANG, BCG, and BRFL hit the lower price band. There were 192 securities that hit the upper band while 50 hit the lower band on January 4, 2022.

Also Read| Link PAN with Aadhaar before 31st March or pay fine up to Rs 10,000

Monte Carlo Fashions has provided a quarterly update for the quarter ended December 31, 2021. The company has strategically enhanced its retail presence in India with the opening of 13 new EBO’s during Q3FY22. With this, the total number of EBO’s reached approximately 318 across 20 states and four union territories.