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Indiabulls Housing Finance Limited (IHFL) has informed that the courts have issued non-bailable arrest warrants against Kislay Panday and his father Ram Mani Panday who ran an organised racket which involved in blackmailing IHFL and attempted to extort money from the company a few weeks ago.

Torrent Power sparked in Tuesday’s trading session as it informed bourses that it has received an approval from Gujarat Electricity Regulatory Commission (GERC) for the power procurement arrangement of 278 MW between the company's UNOSUGEN Power Plant (capacity of 382.5 MW) and its Licensed Distribution Business for cities of Ahmedabad, Gandhinagar and Surat.

The stock had formed reversal bullish engulfing candle near lower trendline of the rising channel. The bullish engulfing candlestick pattern is considered to be a bullish reversal pattern and usually occurs at the bottom of a downtrend.

Dredging Corporation of India Limited was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

The benchmark indices Sensex and Nifty opened gap down on Tuesday and during the day scaled up continuously to post a steep gain. Reliance Industries and major private banks contributed the most to the index gains.