Gold price on Tuesday inched up to Rs 49,000 from Rs 48,960 per 10 gm, while the silver price was trending at Rs 65,000 per kg, according to the Good Returns website.

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Prime Minister Narendra Modi on Wednesday said he was extremely anguished over the road accident in West Bengal's Jalpaiguri and announced an ex gratia of Rs 2 lakh each to the next of kin of those who lost their lives in the incident.

He also said that Rs 50,000 each would be given to those injured, according to the Prime Minister's Office (PMO).

Shares of SBI Cards and Payment Services hit a new high of Rs 1,002, up 4 per cent on the BSE on Wednesday ahead of the announcement of December quarter results, on Thursday. The stock surpassed its previous high of Rs 1,002, touched January 7, 2021.

Last week, SBI Card informed the stock exchanges that the company's board of directors is scheduled to meet on January 21, 2021 to consider and approve the unaudited financial results of the company for the quarter and the nine months ended December 31, 2020.

Shares of information technology (IT) companies were in focus at the bourses on Wednesday with both Tata Group stocks - Tata Consultancy Services (TCS) and Tata Elxsi – hitting their respective new highs on the National Stock Exchange (NSE).

At 10:20 am, the Nifty IT index -- the top gainer among sectoral indices -- was up 2.4 per cent, as compared to 0.37 per cent rise in the Nifty50 index.

Larsen & Toubro (L&T) on Wednesday said its construction arm has bagged orders worth up to Rs 5,000 crore in Bangladesh.

The power transmission and distribution business of Larsen & Toubro has won a slew of transmission line orders in Bangladesh, the company said in a regulatory filing.

The Supreme Court on Wednesday (January 20) refused to pass orders on the proposed tractor rally by farmers on Republic Day in New Delhi, saying the matter should be decided by Delhi Police.

During a hearing on a plea seeking an injunction against the proposed tractor rally, the SC told the Solicitor General that the SC bench does not want to issue directions in this matter.

A day before US President-elect Jow Biden assumes office, outgoing President Donald Trump on Tuesday offered is 'best wishes' to the incoming administration. This is the first time that Trump has openly congratulated the new administration after he declined to accept the election results that came in Biden's favour.

In his farewell address, Trump highlighted his accomplishment as president of the United States.

Prime Minister Narendra Modi on Wednesday will release financial assistance of around Rs 2,691 crores to 6.1 lakh beneficiaries in Uttar Pradesh under the Pradhan Mantri Awaas Yojana - Gramin (PMAY-G). The event will commence at 12 noon via video conferencing.

On the occasion, he will be accompanied by Union Rural Development Minister Narendra Singh Tomar and Uttar Pradesh Chief Minister Yogi Adityanath.

As a gift from India, the first consignment of 1.5 lakh doses of COVID-19 vaccine 'Covishield' was dispatched to Thimphu, Bhutan from Chhatrapati Shivaji Maharaj International Airport, Mumbai in the wee hours of Wednesday.

As per reports, the consignment containing 1.5 lakh doses of Covishield is scheduled to reach Bhutan's capital Thimphu on Wednesday at around noon.

Shares of L&T Technology Services (LTTS) moved higher by 10 per cent to Rs 2,621 on the BSE in the intra-day trade on Tuesday on the back of heavy volumes ahead of its October-December quarter (Q3FY21) results. The company said it will announce its results for the third quarter of FY21 on Wednesday, January 20, 2021 post market hours.

The stock of LTTS, a subsidiary of Larsen & Toubro (L&T) focused on engineering, research & development (ER&D) services, hit a record high of Rs 2,780 on Friday, January 15, 2021.

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