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Balrishna Industries reported good set of numbers especially at the topline. Volume expansion was seen across all the geographies, verticals and channels.

The board of Cigniti Technologies will consider and approve a proposal for buyback of fully paid-up equity shares of the company today.

Stocks which were in focus include names like Hindalco which closed with gains of over 9 per cent, Vedanta rallied nearly 12 per cent, and Intellect Design Arena closed with gains of over 10 per cent.

Earlier this month, the first-year premium data of life insurers showed that the Life Insurance Corp (LIC) consolidated its position on the top with almost a one-and-a-half times increase in the first-year premium. LIC has a 65% market share, almost double the 35% of all private life insurers put together.

Over 5.15 crore LIC shares were traded on Tuesday as against the free float of 16.24 crore shares, excluding shares allotted to anchor investors. Retail investors were allotted shares at ₹904 apiece, a discount of ₹45, or 4.7%, on the issue price. Policyholders were given the shares at ₹889, a discount of ₹60, or 6.3%, on the issue price.

In his first face-to-face interaction with bankers post the onset of the Covid pandemic, governor Das said banks must also invest in cyber security and mitigating risks related to technology due to higher use of the internet and mobile-based applications to do financial transactions.

Recently punished shares of Microsoft Corp, Apple Inc, Tesla Inc and Amazon gained between 2% and 5.1%, driving the S&P 500 and the Nasdaq higher.

This is much higher than Rs 1,587 crore that analysts projected in an ETNow poll.

Some investors and analysts are concerned that the price could drop even more because of little growth prospects for the legacy business, risks of further disinvestment by the government and the absence of major incentives for shareholders.

​​ The buyback represents 0.98 per cent of the total paid-up equity share capital of the company as on March 31, 2022, Motilal Oswal Financial Services said in a statement.