Benchmark indices settled the trading session on a flat note with Sensex settling 16.17 points or 0.03 per cent up at 53,177.45 level while Nifty was 18.20 points or 0.11 per cent up at 15,850.20 level. 

BSE Smallcap index recorded gains of 0.24 per cent to close at 24,965.24.

Indices recovered towards the end whereas Nifty closed higher by 18 points. However, Nifty Midcap and Nifty Smallcap closed on a mixed note.   

In Q4FY22, the financial performance of the pharma companies was affected by the rising raw material & freight costs. Despite the pressure on margins, some pharmaceutical companies managed to showcase decent financial performance in Q4FY22. 

In the current scenario of international volatility and inflationary concerns, Rajiv Shastri, Director and CEO, NJ Asset Management Private Limited, offers some valuable guidance. 

Interestingly, before the beginning of Tuesday’s session, there were two stocks in the F&O ban namely, Delta Corp and Sun TV. 

Companies across the value chain, especially crude oil refiners, have seen huge gains with record-high prices of crude oil. 

The key equity indices traded lower amid negative global cues as well as rising crude oil prices. The majority of the losses were led by Asian Paints and Titan on Nifty index while the support was seen coming from M&M, ONGC, and Coal India.  

The company’s board of directors has approved the fundraising programme of over Rs 200 crore by various means.