Mazagon Dock Shipbuilders topped the list of gainers with 178 percent returns while Adani Power rose 144 percent; Indian Bank, Varun Beverages, Swan Energy, RHI Magnesita India and Adani Total Gas were among the stocks that doubled.

Sectoral analysis of the winners of 2022 shows that Nifty PSU Bank index and Nifty CPSE index have been the top two gainers of the year with an upside of 65% and 19.5%, respectively, so far. On the other hand, the IT index has been the top wealth eroder and has so far lost over one-fourth of its value.

S&P BSE Sensex closed with gains of over 400 points while Nifty50 reclaimed 18,600 levels on Tuesday.

Vedanta has fixed November 30 as the record date to determine shareholders eligibility for the dividend. So far in FY23, the company has declared a total dividend of Rs 51 per share, in two interim dividends of Rs 19.5 and Rs 31.5 per share. Earlier in FY22, the miner announced Rs 45 per share dividend. At the current price, this amounts to a dividend yield of 14.55%. Since 2001, the company has announced a total of 36 dividends, Trendlyne data showed.

The thematic fund that gained 13.65 per cent in August is betting on JSW Energy in a big way as it is its biggest holding with a weightage of 9.78 per cent. Other top holdings include Titagarh Wagons, Time Technoplast, J Kumar Infraprojects and SP Apparels.

Stocks which were in focus included GE Shipping which rose more than 6 per cent, Kalyan Jewellers which gained nearly 10 per cent, and Deepak Fertilisers which rose 5 per cent.

Abbott India, United Breweries, Zydus Lifesciences, Cummins India, The Ramco Cements, Cholamandalam Financial Holdings, Sobha, Ingersoll-Rand (India), S H Kelkar & Company, Pricol, Ramco Industries and Ramco Systems will have their annual general meetings (AGM) today.

The company had reported a consolidated net profit of Rs 12.36 crore in the first quarter of the previous year.

RIL (Rs 2,585 crore), ICICI Bank (Rs 1,694 crore), Infosys (Rs 1,179 crore), Tata Steel (Rs 951 crore), HDFC Bank (Rs 707 crore), and UltraTech Cement (Rs 584 crore) were among the most active stocks on NSE in value terms. Higher activity on a counter in value terms can help identify the counters with highest trading turnovers in the day.

Anand James, Chief Market Strategist at Geojit Financial Services, said that while major falls are not expected unless 16,485 gives away, the prospects of the same in the next week may rise should Nifty find unable to push beyond the 16,690-710 region.

Shares of Brightcom Group soared 26 per cent for the week to Rs 55.70. The exchanges sought clarification from the company regarding volumes and the price movement, to which the company replied there is no impending announcement by the company which in its opinion needs to be disclosed.

Stocks in focus included names like GE Shipping, which closed with gains of over 2 per cent, and is trading near its 52-week high, Vedanta, which rose more than 6 per cent, and Wipro, which added over 1 per cent ahead of results due after market hours on Wednesday.

Stocks that were in focus include names like Tube Investments which rallied more than 12 per cent, GE Shipping which closed with gains of nearly 7 per cent, and Pidilite Industries which made higher highs and higher lows -- a bullish sign.

Ajit Mishra, VP - Research, Religare Broking, said the recent bounce in laggards like IT and metal has further eased the pressure. "We maintain our positive yet cautious stance and prefer sectors like auto, FMCG and banking for long opportunities."

In the Nifty 50 index, 29 stocks were trading in the green, while 21 stocks were trading in the red.

The Nifty IT index was trading 0.21 per cent up at 27380.5.

The Nifty Auto index was trading 0.79 per cent up at 12507.3.

HDFC Life, Nestle India, SBI Life, Tata Consumer and Infosys were among the top losers on NSE.

The Nifty Bank index was trading 0.21 per cent up at 35432.0.

Atlas Integrated Finance's midcap fund, which gave a marginally negative return of 0.23 per cent last month, was seen betting heavily on Honeywell Automation, Dixon Technologies, Relaxo Footwears and Whirlpool India. It also chose to invest about 22 per cent of its holdings in a liquid fund.

Abhishek Jadon, smallcase manager and vice president, Windmill Capital, said that uncertainties like interest rate hikes, war crisis, and rising crude oil prices impacted the markets, and they are likely to witness bouts of volatility until these issues subside.

Top 10 stocks filtered where the value of the fixed asset is greater than the current market capitalization include names like ONGC, IOC, Tata Steel, HPCL, Apollo Tyres, GE Shipping, etc. among others.

The deal will unlock value in IIFL Finance, which has a ₹52,000 crore loan book and market capitalisation of ₹12,500 crore. IIFL Home Finance has a loan book of ₹24,000 crore and market value of ₹11,000 crore.

The MACD showed bearish signs on the counters of CRISIL, ITC, GMM Pfaudler, GE Shipping and Easy Trip Planners. A bearish crossover on the MACD on these counters indicated that they had just begun their downward journey.

Nifty failed to capitalise on a firm start, as it ended up forming a small bearish candle on the daily chart, with a long upper wick, reflecting selling pressure near the 16,400 level. But analysts are unfazed and see no major impact on the positive momentum post Tuesday's big bullish candle.

Power Grid, BPCL, Tech Mahindra, Tata Motors and Apollo Hospital were among the top losers on NSE in today's trade.

BLS Int. Services, GE Shipping, MRPL, Vadilal Ind and Gokaldas Export, hit their fresh 52-week highs during the day.

The Nifty IT index closed 0.47 per cent down at 30077.7.

Shares of Great Eastern Shipping Company will go ex-dividend today. The company had announced an interim dividend of Rs 5.40 per share.

Patel Engineering announced that it has bagged a Rs 2,461 crore contract for the works of “construction of diversion tunnel, concrete gravity dam, intake, pressure shafts, underground Power House & Tailrace Tunnel (Lot 1) for Kwar HE Projects in District Kishtwar, Jammu & Kashmir.

GE Shipping is well placed above its 20, 50, 100 and 200-day SMAs, which support bullish sentiments. The daily, weekly and monthly RSI continue to remain bullish as well, along with positive crossover, which supports sustained strength

The momentum indicator has signalled bullish crossovers on 17 stocks — a sign of bullish undertone — hinting at possible upsides in the days ahead.