The India International Exchange (IFSC) Limited (India INX) witnessed an all-time high trading turnover of over Rs 1,23,706 crore at 04:00 pm on its derivative segment in daily trading turnover on January 12, 2021, with a market share of over 94 per cent in GIFT IFSC.

The project costs Rs 51.60 crore with an execution period of 6 months from the date of commencement.

Hi-Tech pipes announced on Tuesday that the ERW pipe manufacturing facility has commenced its commercial production in Khopoli (Maharashtra), which is the new state of-the-art manufacturing facility. 

The stock of GNA Axles had given a downward sloping trendline breakout on December 31, 2020, and thereafter, witnessed over 41 per cent upside in just nine trading sessions. During this northward journey, the stock has marked the sequence of higher highs & higher lows for nine consecutive trading sessions.

The derivatives data is also suggesting a long build-up in the stock. On Tuesday, January series stock future of Bank of Baroda was seen with 1,09,62,900 addition of open interest, which is 18.53 per cent addition in the open interest. It indicates that there is a long build-up in the market.

Further, this breakout is confirmed by a robust volume of nearly seven times the 50-day average volume, indicating a strong buying interest by the market participants. The 50-day average volume was 11.32 lakh, while on Tuesday, the stock had witnessed a total volume of 74.35 lakh.

The share price of Tata Motors went up by 20 per cent in the last two trading sessions. Read onto find out the funds that benefitted the most.

The shares of GAIL (India), the nation's largest gas distribution firm, were up by more than 4 per cent on  Tuesday. The stock touched a fresh 52-week high of Rs 143.50 after the company stated that its board is scheduled to meet on January 15, 2021, to consider the buyback of shares and interim dividend.  

Rites Limited today announced that it has received a work order from National High Speed Rail Corporation for the establishment & maintenance of continuously operating reference stations (CORS) along with 487 km long Mumbai-Ahmedabad high-speed rail corridor, excluding 21 km undersea tunnel. The said contract is for a period of 6 years and the fees for the work charged by the company would be Rs 67.79 crore. 

Mahindra Lifespaces and State Bank of India (SBI) today signed a memorandum of understanding (MoU) to enable an improved and more seamless experience for homebuyers across India. This agreement includes various co-promotional activities and outreach initiatives. The employees and customers of SBI & Mahindra Lifespaces will be able to avail the benefits of faster home loan processing & approvals along with special discounts and schemes.