It was a double whammy for the market on Tuesday when the RBI Governor suddenly resigned and the ruling party lost three major state elections. But in contrary to expectations, the market gained strength and closed up by more than 600 points, read on to find the reason for this anomaly.

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Intellect Design Arena Limited is currently trading at Rs. 225.80 per share. On the weekly scale, the stock has given a bounce from the edge of the rising trendline support formed by joining lows from August 11, 2017. Considering the daily time frame, on Monday the stock has formed a Hammer candlestick pattern followed by the sizeable bullish candle on Tuesday which predicts bulls are taking control near the support zone.

Market back with the bulls buoyed by the uptrend in auto stocks and recovery in banking and finance stocks. The BSE Sensex was at 35,749.61, up nearly 600 points.

The stock of UFO Moviez surged during the first half of Tuesday's trade as the company's non-promoters investors agreed to sell stakes in Qube Digital to UFO and ICICI Ventures at a lower price.

PNC Infratech’s wholly-owned subsidiary PNC Challakere (Karnataka) Highways Private Limited, has achieved financial closure by submitting duly executed financing documents to NHAI for the Hybrid Annuity Model (HAM) project.

Following stocks are close to their 52-week low as at 12.34 p.m. on December 12, 2018.

The markets on December 12, 2018 opened gap up. BSE Sensex is trading at 35,499.88, up by 349.87 points and the Nifty is trading at 10,656.30, up by 107.15 points.