Shares of Lloyds Metals & Energy hit the upper circuit for the fourth straight day, up 5 per cent at Rs 183.30 on the BSE in Tuesday’s trade. It has surged 24 per cent in past one week, compared to 3 per cent fall in the S&P BSE Sensex during this period. The stock of this iron & steel products company is currently trading at its highest level on the BSE.

The trading volumes have more than doubled, with 323,000 shares changing hands on the BSE till 11:30 am, as against an average of less than 150,000 shares that were traded daily in past two weeks.

Defence Minister Rajnath Singh on Monday (local time) said that India has a critical role to play in the Indian Ocean Region and wider Indo-Pacific following Act East and Neighbourhood First policies, adding a major defence partnership is one of the most important pillars of India-US strategic relations.

Speaking at the fourth India-US 2+2 ministerial dialogue here, he highlighted that India played a pre-eminent role in the Indo-Pacific region.

India's HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner, and some suppliers are seeking payment upfront to avoid potential problems resulting from western sanctions against Moscow, four banking and industry sources said.

Nayara has not been sanctioned as part of the international response to Russia's invasion of Ukraine, but Russian energy giant Rosneft, which owns 49% of the Indian refiner, has been.

Shares of LT Foods were up 4 per cent to Rs 89.40 on the BSE in Tuesday’s intra-day trade. The stock rallied 14 per cent in past two trading days in an otherwise a weak market on the back of heavy volumes.

In comparison, the S&P BSE Sensex was down 0.37 per cent at 58,508 points at 10:37 am. The trading volumes on the counter nearly doubled as a combined 8.9 million equity shares changed hands on the NSE and BSE. The stock quoted close to its 52-week high level of Rs 90.40, touched on May 24, 2021. Earlier, it had hit a record high of Rs 110 on January 9, 2018.

India recorded 796 new coronavirus infections taking the total tally of COVID-19 cases to 4,30,36,928, while the active cases dipped to 10,889, according to the Union Health Ministry data updated on Tuesday.

The death toll climbed to 5,21,710 with 19 fresh fatalities, the data updated at 8 am stated.

Shares of Gufic Biosciences (Gufic) hit a 52-week high of Rs 283.50 after they rallied 14 per cent on the BSE in Tuesday's intra-day trade on the back of heavy volumes on improved business outlook.

At 09:51 AM, the stock was trading 11 per cent higher at Rs 274.75, as compared to 0.70 per cent decline in the S&P BSE Sensex. Trading volumes on the counter jumped over five-fold with a combined 2.01 million equity shares having changed hands on the NSE and BSE till the time of writing of this report.

The price of 10 gram of 24-carat gold remained unchanged on Tuesday at Rs 53,020, while silver (per kg) became cheaper by Rs 3,800 to trade at Rs 67,700.

Ten gram of 22-carat gold is trading at Rs 48,600. The price of 10 gram of 24-carat gold in Delhi and Mumbai stood at Rs 53,020. Ten gram of 22-carat gold in Mumbai and Delhi is trading at Rs 48,600.

On the edge of Hyderabad in southern India, a vast patch of arid shrub-land the size of about 14,000 football fields is becoming a testing ground for a model that could help wean the world off its dependence on Chinese drug ingredients.

This empty site of the Hyderabad Pharma City, marked out by scuffed sign posts and a rubble-strewn access road is expected to attract about $8.4 billion and employ 560,000 people in hundreds of sprawling plants.

Tata Consultancy Services (TCS) beat Street estimates as the information technology (IT) major reported its highest-ever order book and crossed the revenue milestone of Rs 50,000 crore in a quarter, besides logging the highest incremental revenue addition of $3.5 billion in a year.

We have had a strong Q4 and we are ending the year on a strong note, especially for a year that has been marked by a steady recovery. Even beyond the financial metrics, every other parameter is looking good, said Rajesh Gopinathan, CEO and MD, TCS.

Amid the chaotic political play for over a week, Pakistan Prime Minister Imran Khan will finally face the no-trust vote on Saturday following the Supreme Court's order.

Interestingly, for Pakistan National Assembly, which has notably never seen a Prime Minister complete the full 5-year-tenure and this is not going to be the first no-confidence motion against an elected leader.

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