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Benchmark Indices quoted higher on Tuesday and halted a three-day losing streak, tracking strength across global markets. Singapore Exchange (SGX) Nifty futures, which are an early indicator of the Nifty index, witnessed gains ahead of the opening bell on D-Street. 

The BSE Sensex closed 578.51 points or 0.98% higher at 59719.70 points while the Nifty 50 closed 194.00 points or 1.10% higher at 17816.30 points. 

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Top Gainers 

  1. Shree Renuka Sugars Ltd. (up 12.39%) 
  2. Jubilant Pharmova Ltd. (up 11.58%) 
  3. Advanced Enzyme Technologies Ltd. (up 9.71%) 
  4. Metro Brands Ltd. (up 8.55%) 
  5. Birla Corporation Ltd. (up 7.15%) 

Top Losers 

  1. Triveni Engineering & Industries Ltd. (down 7.81%) 
  2. Brightcom Group Ltd. (down 4.98%) 
  3. Can Fin Homes Ltd. (down 4.16%) 
  4. Go Fashion (India) Ltd. (down 4.08%) 
  5. Triveni Turbine Ltd. (down 3.96%) 

Highlights 

  1. Infosys joined hands with Telenor Norway to accelerate IT modernization 2) Hitendra Dave of HSBC India said that the RBI is likely to take a 50bps hike in its next meeting 
  2. Cipla, Eicher Motors, IndusInd Bank, Bharti Airtel and Adani Ports reached a fresh 52-week high. 
  3. The Centre may raise the purchase price of ethanol across all categories by up to ₹ 2 per litre for the 2022-23 season 
  4. Nissan Joseph of Metro Brands said that the company is on track to open 260 stores over the next 3 years. 

Written by Simran Bafna 

Disclaimer

The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

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