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Among the gainers, Tanla Platforms and Anant Raj hit an upper circuit each, whereas GMDC and TCPL were high in demand. On the contrary, NDTV saw some profit-booking, Jindal Poly Films was close to a lower circuit despite growth in the net profit

“Broadly, I am bullish on every bit of financials but specifically, the two areas which I like include some of the large banks. This is an area which I think can do really well. The other area which I like for a very long duration is insurance which has done really badly for at least six months.”

The Indian rupee closed 29 paise higher at 75.31 (provisional) against the US dollar on Tuesday.

Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 4,253.70 crore, as per stock exchange data.

The airline recorded a 74% rise in the third quarter revenue to Rs 2,679 crore as against Rs 1,539 crore in the previous quarter as it added more destinations and newer aircraft to its fleet.

Despite hawkish central banks, inflation and asset bubbles being the top three market concerns, only 30% of investors expect an equity bear market in 2022. Russia-Ukraine tensions is the fifth biggest "tail risk" for markets.

IDBI Bank became a subsidiary of LIC with effect from January 21, 2019 following the acquisition of an additional 827,590,885 equity shares in IDBI Bank, which resulted in the life insurer owning 51 per cent of the outstanding shares in the bank.

Sebi has to "initiate next generation of reforms to improve ease of doing business and be prepared for the possible market turbulence on account of US Fed actions," Sitharaman said.

The Nifty Realty index was trading 1.03 per cent down at 432.9.

“Quant Predictive Analytics Model shows there is a very high probability that by March we could see a lifetime high.. The easy phase of bull run got over in September 2021. But for the emerging markets, we are still in a bull run but in the difficult phase of the bull run. In the next two or three trading sessions, the market ideally should bottom out. Whenever there is a surge, try to prune down your exposure. That is the way you can make money in 2022. It is going to be an extremely difficult year.”