The BSE Sensex and NSE Nifty rallied for a second consecutive session on Tuesday following upbeat Asian and European markets as investors bought defensive stocks even though sentiment remained broadly cautious back home. Sensex surged 104.37 points to close at 25,864.47 and Nifty gained 30.95 pts to end at 7,837.55.

Below are the stocks that made news today

Infosys: Shares of the IT major slipped 1.77 per cent on Tuesday on the Bombay Stock Exchange following the management’s commentary on Monday that they are likely to experience a weaker second half of the fiscal and a certain stress on the operating profit margins.

Dishman Pharma: The pharma company shares slumped as much as 16.3 per cent intraday after USFDA asked for more data on US firm Clovis Oncology Inc’s lung cancer drug, Rociletinib. Traders thought Dishman was supplying active ingredient for Rociletinib. Later, the share price of the company closed 14.08 per cent down at Rs 325 on BSE.

Sugar stocks: Stocks of sugar companies remained in focus after media reports stated that the government is planning to offer a subsidy of Rs 1,200 crore to farmers. Shares of sugar majors such as Shree Renuka Sugars, EID- Parry and Mawana Sugar closed up 19.24 per cent, 9.33 per cent and 9.95 per cent, respectively. Uttam Sugar Mills and Simbhaoli Sugars ended 9.93 per cent and 8.42 per cent higher.

HCL Technologies: Shares of the company gained as much as 2.5 per cent on Tuesday after the IT major announced that it has signed an Application Development and Maintenance contract with Deutsche Bank. Under the terms of agreement, HCL will provide digital solutions, systems integration, product implementation and design, build and test new applications in addition to the ongoing application maintenance and support services. The share price of the company later closed 1.40 per cent up at Rs 850.30.

Videocon Industries: Shares of the company were trading 0.61 per cent down(at 12.07 pm) at Rs 131.00 after it said that it will raise $97.20 million (about Rs 641 crore) through five year Foreign Currency Convertible Bonds (FCCBs) due in 2020. Later, the share price of the company closed 1.10 per cent down at Rs 130.35.

Pipavav Defence: Share price jumped as much as 6 per cent intraday after Reliance Infrastructure on Monday informed stock exchanges after market hours that it would begin the Rs 1,263 crore open offer to acquire additional 26 per cent stake in Pipavav Defence and Offshore Engineering Company on December 2. The share price of the company closed 5.09 per cent up at Rs 62.95.

ICICI Bank: Shares of the bank jumped as much as 1.8 per cent in the early trade on Tuesday after the biggest private sector lender by assets informed BSE on Monday post market hours that it has received an approval for sale of 6 per cent out of its shareholding in ICICI Prudential Life Insurance Company for Rs 1,950 crore, comprising the sale of 4 per cent to Premji Invest & its affiliates and 2 per cent to Compassvale Investments, an indirectly wholly-owned subsidiary of the Singapore-based investment company, Temasek. Shares of the company closed 0.06 per cent up at Rs 267.35.

DLF: The real estate firm’s shares closed 1.50 per cent up at Rs 111.65 on Monday after it said that it has got fair trade regulator CCI’s approval for the joint venture with Singapore’s sovereign wealth fund GIC, which is investing Rs 1,990 crore in two projects. The realty firm would use this fund to boost cash flow and reduce debt, which stood at Rs 22,520 crore as on September 30.

Ajanta Pharma: Shares of the company closed 1.24 per cent up at Rs 1351.10 after the company  on Monday said it has launched generic version of Singulair granules, used in the treatment of asthma, in the US market.

Reliance Industries: Shares of the company closed 0.59 per cent down at Rs 927.50 after Fitch Ratings affirmed Reliance Industries’ long term foreign currency and domestic currency issuer default rating at ‘BBB-‘ and ‘BBB’, respectively with stable outlook.