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The hope that Tesla will be the leading EV company in a future dominated by electric cars drove a spectacular eight-fold rally in the shares in 2020, earning its place in the S&P 500 and at one point making it the fifth-most valuable stock in the gauge.

Stocks that were in focus include names like Jindal Steel & Power which closed with gains of over 9%, Tata Steel which gained nearly 6%, and Fertilizers and Chemicals Travancore which closed with gains of 10% on Tuesday.

Shares of the infra company will trade ex-bonus in the ratio of 1:1. The company on December 19 informed that it has received in-principal approval from BSE in respect of the issue and proposed allotment of bonus equity shares in the ratio of 1:1.

Minor Call writing is seen at 18,350 then 18,150 strikes while Put writing is seen at 18,000 then 18,100 strike. “Options data suggests a shift in a higher trading range in between 17,800 to 18,300 zones,” added Taparia.

“Axis Bank is witnessing strong growth in the retail and mid-corporate segment along with MSMEs which should be its key growth driver. There is vehicle financing and micro financing which is a bigger portion for IndusInd compared to the mid-corporates and MSMEs is a segment where there could be strong growth which should drive Axis Bank in 2023.”

After sharp correction from recent swing high ofRs 96.9, stock tested 50 days SMA and reversed north.

Max Healthcare on Tuesday said it has entered into a partnership with genomics biotech firm Anuva to conduct genomic-based research on various communicable and non-communicable diseases in India.

Petroleum and Natural Gas Regulatory Board (PNGRB) recently ordered IndianOil to stop supplying gas to Knauf India and Honda Motorcycle & Scooters India, the customers with requirements of up to 50,000 standard cubic meters a day (SCMD) in the city gas licensed area of Chittor, Kolar and Vellore districts in south India. This followed a complaint by AGP, the licensee.

Shares of Tesla Inc tumbled 11.4%, and the electric car maker was the heaviest drag on the S&P and the Nasdaq after a review by Reuters of an internal schedule revealed the company plans to scale back production at its Shanghai plant.

The price of gold in Egypt has risen to unprecedented highs as nervous savers seek refuge from a weakening currency and some companies export bullion to raise scarce dollars to fund imports, according to industry experts.