Shares of ITC Ltd advanced 2.5 per cent to hit an intra-day high of Rs 207.7 on the BSE on Wednesday, and was trading as the top gainer on the 30-share S&P BSE Sensex index in noon deals, after foreign brokerages Credit Suisse and Jefferies maintained positive outlook on the company based on the company's recovery prospects and best in class ESG (environmental, social, corporate governance) measures.

In a report dated December 8, Credit Suisse upgraded the stock from 'Neutral' to 'Outperform' banking on recovery in the firm's cigarette and hotels business in FY22. The firm revised upwards its 12-month target price to Rs 255, an upside of nearly 26 per cent relative to the current market price, from an earlier target of Rs 200 per share.

Shares of YES Bank hit an over four-month high of Rs 18.90, up 9 per cent on the BSE in early morning trade on Wednesday after the bank announced that Brickwork Ratings has upgraded the rating of Tier I Subordinated Perpetual Bonds (Basel II) from BWRD to BWR BB+/ Stable. The stock of the lender was trading at its highest level since July 22, 2020.

With today’s gain, the stock of YES Bank has rallied 50 per cent in the past one month, as compared to a 9.5 per cent rise in the S&P BSE Sensex.

Drug major Aurobindo Pharma On Wednesday said it has received final approval from the US health regulator for generic of Precedex injection, used for sedation of patients.

The company has received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Dexmedetomidine Hydrochloride in 0.9 per cent sodium chloride injection, 200 g/50 mL and 400 g/100 mL single dose flexible containers (bags), Aurobindo Pharma said in a regulatory filing.

With India on the path to approving coronavirus vaccines for the public, raising bets of an economic recovery, key equity indices opened on a positive note on Wednesday with the BSE Sensex hitting another record high of 45,897.23 points.

Around 9.16 a.m., Sensex was trading at 45,846.68, higher by 238.17 points or 0.52 per cent from its previous close of 45,608.51 points.

In a major shocker to the ruling Congress government in Rajasthan, the saffron party in the state swept 1,911 seats in the recently held Panchayat Samiti elections while the Congress was limited to 1,781 seats.

The Independents gained 425 seats, the Bahujan Samaj Party got 3 seats while CPI-M captured 16 seats in the elections while RLP got 57 seats, according to the state election commission website.

The Supreme Court on Tuesday said the Central government is fully competent to notify any land for acquisition, to construct a national highway and prior environmental clearance is not necessary at the stage of notification of land acquisition proceedings.

A bench comprising of Justices AM Khanwilkar, BR Gavai and Krishan Murari allowed the Centre go ahead with Rs 10,000 crore Chennai-Krishnagiri-Salem eight-lane expressway under the Bharatmala Pariyojana.

With 32,080 new COVID-19 infections reported in the last 24 hours, India's total coronavirus cases have risen to 97,35,850, said the Union Ministry of Health and Family Welfare on Wednesday.

With 402 new deaths reported in the last 24 hours, the toll has mounted to 1,41,360.

The farmers' protest against agricultural laws entered the 14th day on Wednesday. To end the agitation and resolve the farmers' issues, five rounds of talks have been held between the government and the representatives of the farmers, but so far no result has been achieved. Meanwhile, the government has sent a proposal to the farmers, in which it has been said that what changes have been proposed that can be made in the new farm laws.

Parthiv Patel, who made his debut at the age of 17 for the Indian cricket team during their tour of England in 2002, has announced his retirement from all forms of cricket. The decision brings an end to his 18-year cricketing journey which saw him scale the peaks of Indian cricket team’s success in Australia and Pakistan while it also saw his career being overshadowed by the emergence of MS Dhoni from the period of 2005 all the way until 2020.

Indian authorities said on Tuesday they found traces of lead and nickel particles in blood samples after hundreds of people were hospitalised due to an unknown illness in Eluru town of West Godavari district in Andhra Pradesh.

Eluru, 58 km northeast of Vijayawada, headquarters of West Godavari district, is paddy cultivation and aquaculture heavyweight.

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