India's pharmaceutical sector is looking at an opportunity to the tune of USD 10 to 11 billion in the form of COVID-19 vaccine supply, in both domestic and export markets in the next three years, rating agency Care Ratings has said in a report.

However, the Indian vaccine makers are unlikely to get the premium pricing being enjoyed by US-based multinational companies which is anywhere between USD 15 and 25 per dose, their average realization could remain anywhere between USD 3.25 and USD 3.50 per dose, it said.

India on Tuesday is bringing back home its ambassador and staff at the embassy in Kabul in a C-17 heavy-lift aircraft of the Indian Air Force in view of the prevailing situation in the Afghan capital after its take over by the Taliban, people familiar with the development said.

External Affairs Ministry Spokesperson Arindam Bagchi said it was decided that the ambassador and his Indian staff will move to India immediately considering the current circumstances in Kabul.

Shares of the companies engaged in healthcare services or hospital business were in demand on Tuesday with Apollo Hospitals Enterprises, Fortis Healthcare and Max Healthcare hitting their respective new record highs on the BSE in intra-day trade. In the past one week, these stocks have outperformed the market by surging between 12 per cent and 15 per cent as compared to a 2 per cent rise in the S&P BSE Sensex on the back of a robust performance in the June quarter (Q1FY22).

Among individual stocks, Apollo Hospitals Enterprises hit a new high of Rs 4,612, up 6 per cent in the intra-day trade today, having soared 14 per cent in the past two trading days.

Tata Consultancy Services (TCS) became the second listed company and the first information technology (IT) company to cross the Rs 13 trillion market capitalisation (market-cap) as the stock hit a new high in intra-day trade on Tuesday.

Shares of TCS hit a new record high of Rs 3,520, up 1.4 per cent on the BSE in intra-day trade. In comparison, the S&P BSE Sensex was up 0.09 per cent at 55,632 points at 11:21 am.

Amid the rise of Taliban in Afghanistan as the US is pulling out its troops, US President Joe Biden on Monday said, "I stand squarely behind my decision. After 20 years, I've learned the hard way that there was never a good time to withdraw US forces."

Biden, in a televised address from the White House, said that the American troops should not be dying in a war that Afghan forces are not willing to fight for themselves.

Shares of Tata Steel hit a new record high of Rs 1,532 as they rallied 5 per cent on the BSE in intra-day trade on Tuesday after the company reported a consolidated net profit of Rs 8,907 crore in the June quarter (Q1FY22) as against a loss of Rs 4,416 crore in the corresponding period last year on the back of increased revenue and low base on account of Covid-19’s first wave last year.

The stock of the Tata Group company was quoting higher for the fourth trading straight day, having surged 12 per cent during the same period.

The price of 10 gm of 22-carat gold increased by Rs 10 to Rs 46,160 on Monday, amid a recovery in international precious metal prices and rupee depreciation. In the previous trade, the precious metal had closed at Rs 46,150 per 10 grams. Silver was selling at Rs 63,200 per kg, according to the website Good Returns.

Gold jewellery varies in price across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Homegrown auto major Tata Motors on Monday said it has partnered with Bank of Maharashtra to offer retail financing scheme for its passenger vehicles.

Under the partnership, Bank of Maharashtra will provide loans to Tata Motors' customers at an interest rate starting from as low as 7.15 per cent linked with Repo Linked Lending Rate (RLLR), subject to certain conditions, the company said in a statement.

Shares of Reliance Industries (RIL) were up nearly 3 per cent at Rs 2,202 on the BSE in intra-day trade on Monday on a report that Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in the company’s oil refining and chemicals (O2C) business. The stock of the Mukesh Ambani-led RIL was trading at its highest level since June 24, 2021. It had hit a record high of Rs 2,368.80 on September 19, 2020.

The Middle Eastern energy firm is discussing the purchase of roughly 20 per cent stake in the Reliance unit for about $20 billion to $25 billion in Aramco’s shares, Bloomberg reported quoting the people with knowledge of the matter. RIL could reach an agreement with Aramco as soon as the coming weeks, the report suggested.

Avenue Supermarts, the owner of D-Mart chain of retail stores, surpassed private sector lender Axis Bank and the construction and engineering giant Larsen & Toubro (L&T) in market capitalisation (market-cap) ranking as the stock of the department stores hit a new high on the BSE in intra-day trade on Monday.

At 11:41 am, with market-cap of Rs 2.36 trillion, Avenue Supermarts stood at the number 16th position in the overall market-cap ranking, ahead of L&T (Rs 2.332 trillion) and Axis Bank (Rs 2.334 trillion), the BSE data shows.

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