HDFC Bank has joined the elite club of Rs 8-trillion market capitalization (market-cap) on the BSE, as its share price hit a new high of Rs 1,464 in Wednesday's early morning deals. HDFC Bank, which is at number three position in overall market-cap ranking of listed companies, has become the first lender to achieve the milestone.

Shares of HDFC Bank hit a fresh record high today after rising nearly 2 per cent on the BSE. At 09:17 am, HDFC Bank had a market capitalisation of Rs 8.02 trillion, the BSE data shows. In comparison, the S&P BSE Sensex was up 0.54 per cent at 44,765 points, also the index's record high.

Fearing traffic blockades owing to proposed farmers' agitation, the Haryana government on Tuesday issued a travel advisory for the commuters at entry points from Punjab into Haryana for November 25 and 26 and on entry points from Haryana into Delhi on November 26-27.

A state police spokesperson said in view of the 'Delhi Chalo' call given by various farmer organisations, elaborate arrangements have been made by the civil and police administration.

Ahmed Patel, who was Congress interim president Sonia Gandhi’s most trusted aide, breathed his last in the wee hours of Wednesday in a Gurugram hospital after battling COVID complications for over a month.

Sonia Gandhi issued a condolence message on the demise of the veteran Congressman.

Severe cyclonic storm Nivar is expected to further intensify into 'very severe storm' and bring heavy rainfall to Chennai when it makes landfall between Mamallapuram and Karaikal on Wednesday evening with a wind speed of up to 145kmph, according to IMD. The IMD said a storm surge of about 2m above the sea level is likely around the time of landfall, causing inundation of low-lying areas.

The Indian Meteorological Department (IMD) has said Cyclone Nivar is set to cross the coasts of Tamil Nadu and Puducherry as a very severe cyclonic storm late on Wednesday. Parts of Andhra Pradesh are also forecast to be slammed by the cyclone

Senior Congress leader Ahmed Patel passed away at a hospital in New Delhi in the early hours of Wednesday. The announcement of his demise was made by his son Faisal Patel.

In a statement on Twitter, his son Faisal Patel said that Ahmed Patel passed away at 3:30 am on November 25. After testing positive for Covid-19 around a month back, his health worsened further due to multiple organ failures, he said.

The Indian equity indices surged to fresh record highs on Tuesday morning with the NSE Nifty50 crossing the 13,000 mark for the first time ever.

Nifty has touched a record high of 13,029.50 points, while the BSE Sensex hit an all-time high of 44,422.26.

Prime Minister Narendra Modi on Tuesday interacted via video conferencing with chief ministers of states that are witnessing a surge in coronavirus cases to review the COVID-19 situation.

The leaders attending the meeting include Home Minister Amit Shah, Health Minister Harsh Vardhan, Rajasthan Chief Minister Ashok Gehlot, West Bengal Chief Minister Mamata Banerjee, Maharashtra Chief Minister Uddhav Thackeray, Chhattisgarh Chief Minister Bhupesh Baghel and Gujarat Chief Minister Vijay Rupani.

Shares of Mahindra & Mahindra (M&M) hit a 52-week high of Rs 731, up 4 per cent on the BSE in the early morning trade on Tuesday on the expectation of a strong business outlook. In the past one week, the stock has outperformed the market by gaining 14 per cent, as compared to a one per cent rise in the S&P BSE Sensex.

M&M, on November 17, said that the company’s Farm Equipment Sector (FES) will manufacture a new tractor series called the ‘K2’, exclusively at the company’s tractor manufacturing facility at Zaheerabad in Telangana.

The rupee appreciated 21 paise to 73.90 against the US dollar in the opening session on Tuesday, tracking strong opening in domestic equities and weak American currency.

Traders said investor risk sentiment improved amid growing hopes of an early rollout and efficacy of COVID-19 vaccines.

Shares of Bharti Infratel surged 9 per cent to Rs 238 on the BSE on Tuesday, rallying 28 per cent in the past three trading days after the company completed merger with Indus Towers to create a mega tower company (renamed Indus Towers). The stock hit a 52-week high of Rs 295.75 in December 2019.

According to a regulatory filing, the merger of Bharti Infratel and Indus Towers to create a mega tower company has been completed, and Vodafone Idea has received about Rs 3,760 crore cash for its 11.15 per cent holding in Indus.

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