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The stock quoted a 52-week high price of Rs 1713.0 and a 52-week low of Rs 1434.6.

Cochin Shipyard, incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 7939.78 Crore) operating in Defence sector.

​It is a good thing they are exiting for Shriram and in the case of Piramal, it did not fit into their strategic plans anymore and they had a leverage balance sheet and they are on the course of mending that and this will also help Piramal because it makes their balance sheet strong.

From the Sensex pack, Tata Motors, Power Grid, and HCL Tech were the top performers, rising 2-3%. Tech Mahindra, NTPC, L&T, Axis Bank, and Kotak Bank also closed with gains.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

Indian markets closed higher on Tuesday with Fag-end buying. HDFC AMC rose by 11.29%, while Tata Motors was up by 3%, and Central Bank of India surged by 5.44%. Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, suggests buying these stocks. HDFC AMC is moving above its 20 DMA and 200 DMA and is expected to move further upside with significant volume. Tata Motors has performed well with its major averages of 20 DMA, 50 DMA and 200 DMA moving upwards. Central Bank of India has breached the downward falling channel on a positive note, indicating an upward movement.

The 200-day daily moving average (DMA) is used as a key indicator by traders for determining the overall trend in a particular stock.

With crude oil at $75 a barrel, inflation heading to lower levels and macro growth looking strong and being supported by manufacturing and services, we see a limited downside and expect markets to deliver a decent return over the next 2 years.

Aggressive short cover signify that people holding a short position on a stock have decided to exit. ​

Seven stocks, including Indiabulls Housing Finance, India Cements, and L&T Finance Holdings, are under a futures and options (F&O) ban for trading on 21 June. The ban occurs when open interest on futures or options contracts exceeds 95% of total positions limits and only ends once that figure falls below 80%. The banned stocks will still be available for trading in the cash market, however. The Nifty50 advanced 0.33% to $18,816.70 and Nifty Bank rose 0.30% to $43,766.50.