Shares of INEOS Styrolution India tanked 16 per cent to hit a 52-week low of Rs 907 on the BSE in Tuesday’s intra-day trade as the promoter today launched an offer for sale (OFS) to offload up to a 14.4 per cent stake in the company. The company fixed the offer price at Rs 800 per share.

At 10:51 am; the stock was down 15 per cent at Rs 918, as compared to 0.03 per cent decline in the S&P BSE Sensex. It had hit a 52-week high of Rs 1,887 on October 18, 2021.

Shares of sugar companies rallied up to 9 per cent on the BSE in Tuesday’s intra-day trade in an otherwise subdued market. The sweet rally is backed by expectation of strong operational performance, favourable mix of ethanol towards B-heavy/juice (feedstock), and higher sugar realizations.

Shares of Mawana Sugars, Dhampur Sugar Mills, Triveni Engineering & Industries, Balrampur Chini Mills, Dalmia Bharat Sugar and Industries and Dwarikesh Sugar Industries were up between 3 per cent and 9 per cent on the BSE.

The White House has announced that the United States will co-host the second global COVID-19 summit virtually on May 12 to continue the international effort in the fight against pandemic and to advance global preparedness.

"The summit will redouble our collective efforts to end the acute phase of the COVID-19 pandemic and prepare for future health threats," said the White House in its press release on Monday.

The global coronavirus caseload has topped 504.9 million, while the deaths have surged to more than 6.19 million and vaccinations to over 11.18 billion, according to Johns Hopkins University.

In its latest update on Tuesday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 504,990,510 and 6,199,732 respectively, while the total number of vaccine doses administered increased to 11,181,442,274.

Shares of AU Small Finance Bank hit a record high of Rs 1,441, gaining 4 per cent on the BSE in Tuesday’s intra-day in an otherwise subdued market after the private sector lender said the bank’s board will meet next week to consider bonus issue proposal. The stock surpassed its previous high of Rs 1,428 touched on April 13, 2022.

“A meeting of the board of directors of the Bank will be held on Monday, 25 th April, 2022 and will continue on Tuesday, 26th April, 2022 to consider the proposal for issuance of bonus shares, subject to requisite approvals,” AU Small Finance Bank said in an exchange filing.

The Samyukta Kisan Morcha (SKM) has said that by cancelling the bail of the main accused in the Lakhimpur Kheri murder case, Ashish Mishra alias Monu, the Supreme Court has restored hope in the justice system.

Earlier in the day, the apex court had cancelled the bail of Mishra in connection with the October 2021 incident at Lakhimpur Kheri in Uttar Pradesh wherein a vehicle allegedly belonging to him had mowed down several people including protesting farmers.

Civil Aviation Minister Jyotiraditya Scindia on Monday expressed confidence about India's aviation industry getting back to the normal pre-pandemic level.

The aviation industry of India touched over four lakh domestic passengers in a day on Monday.

With the Indian information technology (IT) services sector witnessing strong growth momentum on the back of digital transformation, multinational conglomerate Larsen & Toubro (L&T) is all set to merge its IT services business units — L&T Infotech (LTI) and Mindtree.

A Bloomberg report stated that the merger announcement could be announced as early as next week, with details of share-swap ratios. However, mid-cap IT services firm Mindtree in its earning call said that the news is pure hearsay and it wouldn’t respond to speculation.

India logged 2,183 new coronavirus infections taking the total tally of COVID-19 cases to 4,30,44,280, while the active cases declined to 11,542, according to the Union Health Ministry data updated on Monday.

The death toll climbed to 5,21,965 with 214 fresh fatalities, the data updated at 8 am stated.

Indian shares touched three-week lows on Monday, hammered by losses in IT stocks after Infosys crashed 9% on missing March-quarter profit estimates, while inflation concerns globally also weighed on investors' sentiment.

The NSE Nifty 50 index fell 1.89% to 17,142.50, as of 0445 GMT, while the S&P BSE Sensex slid 2.15% to 57,089.44. In a holiday truncated week, both indexes logged weekly losses of more than 1.5% each, last week.

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