Shares of State Bank India (SBI) were up 1.4 per cent at Rs 471 on the BSE in Wednesday’s intra-day trade, quoting close to its record high of Rs 471.85 touched on September 17, 2021. The stock of the state-owned giant was trading higher for the third straight day, having gained 4 per cent during the period.

In the past one month, SBI has outperformed the market and is up 9 per cent, as compared to a 2.8 per cent rise in the S&P BSE Sensex.

Shares of Marico rallied nearly 6 per cent to hit a record high of Rs 590 on the BSE in Wednesday’s intra-day trade after the company said it has recorded revenue growth in the low twenties with strong double digit volume growth during the September 2021 quarter. The stock of the personal products company surpassed its previous high of Rs 587 touched on September 13, 2021.

During the quarter, the sector witnessed improved demand trends as mobility levels increased with reducing Covid infections and accelerated vaccination drives.

Bharat Biotech has been waiting for the authorization of the Covaxin shot for emergency use for some time now. As per reports, the World Health Organisation (WHO) has once again extended World Health Organisation (WHO) has extended giving the emergency use authorization for Hyderabad-based Bharat Biotech's COVID-19 vaccine Covaxin to next week.

WHO and an independent group of experts is scheduled to meet next week to carry out the risk/benefit assessment and come to a final decision whether to grant Emergency Use Listing to Covaxin, tweeted WHO.

The post mortem of a farmer, Gurvinder Singh, who lost his life in the Lakhimpur Kheri violence was performed again on Wednesday, informed Dinesh Chandra, District Magistrate of Bahraich.

While speaking to ANI, Dinesh Chandra, DM of Bahraich, said, An expert panel of doctors had come from Lucknow to monitor the post mortem, which was recorded in compliance with the orders from Chief Minister's Office. The panel will give the result. The post-mortem is being done again as the satisfaction of the family is our priority.

A 5-member delegation of the Congress Party led by Rahul Gandhi is likely to visit Uttar Pradesh's Lakhimpur Kheri on Wednesday to meet families of victims killed in a violent incident on Sunday, sources said.

However, the Uttar Pradesh government denied permission to the Congress delegation in the wake of Section 144 of the Criminal Procedure Code (CrPC) that has been imposed in Lucknow.

Being bullish on 5G services in India, Bharti Airtel on Tuesday said the company was now gearing up to test them on the millimetre band.

The band is considered suitable for next-generation 5G services even as the Telecom Regulatory Authority of India (Trai) is yet to discover the price of these bands. Our next round of trials should be on the millimetre wave, Bharti Airtel Chief Technology Officer Randeep Singh Sekhon said during a media interaction.

Oil and Natural Gas Corporation (ONGC) has regained its Rs 2-trillion market capitalisation (market-cap) mark as the stock rallied another 8 per cent to Rs 159.75 on the BSE in Tuesday’s intra-day trade on the back of higher crude oil prices. The stock of the state-owned oil exploration & production (E&P) company was trading at its highest level since November 2018.

The rising domestic gas supply and improvement in oil and gas realisation should drive upstream companies' earnings growth and valuations.

Facebook has apologised for an outage that lasted almost ten hours, blaming a configuration change to routers for causing its apps to crashing.

Our engineering teams have learned that configuration changes on the backbone routers that coordinate network traffic between our data centers caused issues that interrupted this communication. This disruption to network traffic had a cascading effect on the way our data centers communicate, bringing our services to a halt, said Santosh Janardhan, Vice President Infrastructure at Facebook, in a blog post.

Shares of Srei Infrastructure Finance were locked in the lower circuit filter of 5 per cent at Rs 8.17 on the BSE in Tuesday's session after the Reserve Bank of India (RBI) on Monday superseded the board of the company, which will be taken for insolvency proceedings owing to governance concern and payment defaults by them.

The stock of the non-banking finance company (NBFC) has slipped 56 per cent from its 52-week high level of Rs 18.39 touched on June 23, 2021. It had hit a 52-week low of Rs 5.01 on March 31, 2021.

Shares of power companies continued to march higher with the S&P BSE Power index hitting a fresh 10-year high on Tuesday on strong demand outlook. At 10:00 am; the S&P BSE Power index was up 1.5 per cent, when compared to 0.21 per cent decline in the S&P BSE Sensex.

The power index hit an intra-day high of 3,345.64, its highest level since October 2010.

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