The benchmark BSE Sensex surged over 105 points and the NSE Nifty reclaimed the 8,500-mark in early trade on Wednesday as traders continued buying, tracking a firm trend in other Asian bourses following record US markets' closing on Tuesday.

Short-covering of bets, with Wednesday being the last session of January expiry in the derivatives segment, kept the overall tempo up.

Microsoft founder Bill Gates will be world's first trillionaire in the next 25 years, according to a new research.

According to research firm Oxfam International, the world would get its first trillionaire in the next 25 years, when Bill Gates becomes around 86 years old.

ITC was up 1% at Rs 263, trading close to its 52-week high of Rs 266 on the BSE, ahead of its October-December quarter (Q3) results on Friday, January 27, 2017.

The stock is less than 3% away from its record high of Rs 273 touched on February 28, 2015 in intra-day trade.

Indian IT giant Wipro has said that Vice Chairman T K Kurien will retire at the end of January, bringing an end to his 16-year long career with the company.

Kurien had served as the chief executive of Wipro for five years before being replaced by Abidali Z Neemuchwala in March last year. He leaves the company two months ahead of the end of his planned tenure.

The high-voltage corporate battle between Tata Sons and ousted chairman Cyrus Mistry, which has put institutional investors like insurers and mutual funds under a lot of pressure to take sides, seems to have shaken up the insurance regulator – the Insurance Regulatory and Development Authority of India (Irdai).

In a first-of-its-kind move that many industry players described as "out of the blue", Irdai has floated a discussion paper with draft guidelines for the Rs 25- lakh crore plus insurance industry, with regards to its policies while dealing with investee companies and voting activities.

HCL Technologies Ltd’s shares have outperformed peers by nearly 25% in the past six months. In each of the three past quarters, the company has delivered better-than-expected profit margins, and growth that’s been ahead of some if its larger peers.

In the December quarter, revenues rose 3% in constant currency terms, aided partly by inorganic initiatives. Adjusted for these, growth would have been around 1.8% in constant currency, according to analysts, which is also ahead of peers.

The Supreme Court on Tuesday rejected all the names suggested by the Board of Control for Cricket in India for administrators. The apex court allowed them to provide suggestions for an interim panel to run the game in India, reports ANI.

While dismissing the names the court said that any individual above the age of 70 will not be appointed at BCCI administrators.

All three listed oil marketing companies (OMCs) Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) along with IndusInd Bank, Hindustan Zinc and Power Grid Corporation are 10 stocks from the Nifty500 index hitting their respective record highs on the National Stock Exchange (NSE).

Caplin Point Lab, CCL Products, EID Parry and Vakrangee are others that hit lifetime highs on the NSE in intra-day trade.

TVS Motor Company has moved higher by 5.5% to Rs 402 on the National Stock Exchange (NSE), after the company reported a better than expected 10% year on year (YoY) growth in net profit at Rs 133 crore for the quarter ended December (Q3FY17).

Revenues from operations grew by 3% YoY to Rs 3,240 in Q3FY17 as against Rs 3,151 crore recorded in the quarter ended December 2015. EBITDA (earnings before interest, tax, depreciation and amortization) margin remained unchanged at 6.7% during the quarter.

Mumbai: Reliance Industries Ltd’s (RIL) third-quarter report card may not have had the stock market excited, but the energy company expects its gross refining margins (GRMs) to stay in double digits going forward.

GRM is what a refiner earns from turning every barrel of crude oil into fuel. RIL announced its third-quarter results on 16 January.

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