All the flights in and out of this coastal city in Andhra Pradesh were cancelled on Tuesday in view of the severe cyclonic storm 'Asani' in Bay of Bengal.

With the cyclonic storm moving closer to Andhra Pradesh coast and likely to trigger heavy rains and gusty winds, authorities suspended air services to and from Visakhapatnam Airport as a precautionary measure.

Shares of Sun Pharmaceutical Industries slipped over 2 per cent lower at Rs 860.05 on the BSE in Tuesday's intra day trade. The decline comes after the company receieved 10 observations from the United States Food and Drug Administration (USFDA) after inspection of Sun Pharma's Halol (Gujarat, India) facility.

In the past five days, the stock has fallen over 5 per cent. In comparison, the S&P BSE Sensex declined 3.75 per cent during the same period. Earlier, the stock had hit a 52-week high of Rs 966.90 that it had touched on April 29, 2022, whereas, slipped to 52-week low of Rs 652.75 on 18 June, 2021.

Shares of Kohinoor Foods were locked in upper circuit for the 21 straight trading days, up 5 per cent at Rs 21.30 on the BSE on Tuesday’s trade. The stock of agricultural products company has zoomed 174 per cent from level of Rs 7.77 on April 6, 2022, after the stock exchanges revoked suspension of trading the security. The stock was last traded on May 3, 2021 and ended at Rs 7.55 on the BSE.

Till 12:59 pm; a combined 11,015 equity shares changed hands with pending buy orders of 2.17 million equity shares on the NSE and BSE. In comparison, the S&P BSE Sensex was up 0.55 per cent at 54,771 points.

Shares of Dixon Technologies (India) hit a 52-week low of Rs 3,548, down 5 per cent on the BSE in Tuesday’s intra-day trade. The stock has fallen below its previous low of Rs 3,760 touched on August 24, 2021.

Thus far in the month of May, in the past six trading sessions, the stock of the consumer electronics company has slipped 19 per cent despite the company clarifying that there is no adverse impact on the business of the company due to the Enforcement Directorate's (ED) seizure of assets of Chinese mobile manufacturing company Xiaomi.

State-owned power giant NTPC has invited bids to procure imported 4.53 million tonnes (MT) coal mainly for blending with the domestic dry fuel in thermal plants.

The NTPC tender for the import of coal assumes significance in view of the ongoing dry fuel shortage at power plants.

With 2,288 new coronavirus infections reported in a day, India's tally of COVID-19 cases rose to 4,31,07,689, while the active cases decreased to 19,637, according to the Union Health Ministry data updated on Tuesday.

The death toll climbed to 5,24,103 with 10 fresh fatalities, the data updated at 8 am stated.

Shares of Adani Wilmar traded lower for the eight straight day, down 5 per cent at Rs 583.25 on the BSE in Tuesday’ s trade. The stock of Adani Group Company, engaged in edible oil business, locked 5 per cent lower circuit for the fifth straight day. It slipped 34 per cent from its 52-week high level of Rs 878 that it had touched on April 28, 2022 after the company reported a mixed bag of numbers for the quarter ended March 2022 (Q4FY22).

Till 10:41 am; a combined 781,497 equity shares changed hands with pending sell orders of 2.73 million shares on the NSE and BSE. In comparison, the S&P BSE Sensex was up 0.19 per cent at 54,575 points.

Rainbow Children's Medicare (RCML), a multi-speciality pediatric hospital chain, made a weak stock market debut with its shares listed at Rs 506, a 7 per cent discount when compared to its issue price of Rs 542 per share on the BSE on Tuesday.

At 10:04 am, the stock traded at Rs 492.30, down 9 per cent against its issue price. The stock so far hit a high of Rs 519.35 and a low of Rs 482 on the BSE in intra-day trade. In comparison, the S&P BSE Sensex was down 0.04 per cent at 54,449.

CMS Info Systems, the country’s largest cash management and ATM services player, has posted 14 per cent year-on-year (yoy) increase in net profit at Rs 64 crore in the fourth quarter ended March 2022 (Q4FY22) on improvement in operating margins.

The company posted a net profit of Rs 56.1 crore in Q4FY21.

For FY22, the net profit rose by 33 per cent to Rs 224 crore from Rs 168.5 crore in FY21, according to a filing with BSE.

The JSW group has offered $ 7 billion to Swiss cement major Holcim to acquire Ambuja Cements and it's subsidiary, ACC in India.

In an interview to FT, Sajjan Jindal said that JSW would offer $4.5 billion in its own equity and $2.5 billion from

undisclosed private equity partners for Ambuja Cement and ACC.

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