Shares of Central Public Sector Enterprises (CPSEs) were under pressure with Nifty CPSE index falling 3 per cent on the National Stock Exchange (NSE) on Wednesday.

Oil and Natural Gas Corporation (ONGC), Oil India and Coal India dipped more than 4 per cent in the intra-day trade. NTPC, Bharat Electronics, Power Finance Corporation (PFC), NBCC, NLC India and Indian Oil Corporation (IOCL) were down in the range of 1 per cent to 3 per cent on the NSE.

Delhi Chief Minister Arvind Kejriwal filed his papers from New Delhi assembly constituency seat on the last day of nomination, on Tuesday evening after being made to wait for hours.

The AAP chief was forced to wait in line to file his nomination as there were more than 40 candidates ahead of him who were at the Returning Officer's office to file papers.

The Supreme Court on Wednesday made it clear that it will not grant any stay on the Citizenship Amendment Act (CAA) without hearing the Centre and said it may refer pleas challenging the validity of the Act to a larger Constitution bench. The apex court gave Centre four weeks to respond to pleas challenging validity of CAA.

A bench headed by Chief Justice S A Bobde is hearing a batch of 143 pleas challenging the validity of CAA, including those filed by the Indian Union Muslim League (IUML) and Congress leader Jairam Ramesh.

Shares of Havells India slipped 5 per cent to hit a 52-week low of Rs 589 on the BSE in Wednesday's early morning deals after the company reported a weak operational performance for the third quarter ended December 2019 (Q3FY20).

The company’s standalone EBITDA (earnings before interest, tax, depreciation, and amortization) declined 8 per cent year on year (YoY) to Rs 267 crore. Net revenue was down 10 per cent YoY at Rs 2,269 crore during the quarter.

Shares of Asian Paints slipped around a per cent in the early trade on Wednesday ahead of its December quarter results due later in the day. Most analysts expect the paint major to report double-digit growth in its net profit on yearly basis while softer crude prices are expected to aid gross margin expansion of the company.

Analysts at KR Choksey see sales (revenue) growing 8.31 per cent year-on-year (YoY) to Rs 5,734 crore. Sequentially, the numbers are expected to rise 13.5 per cent.

Shares of Zee Entertainment Enterprises skid 4 per cent to Rs 272.45 on the BSE on Wednesday after the broadcasting company put up a weak December quarter (Q3FY20) show. It's profit before tax (PBT) declined 37 per cent to Rs 510.8 crore, coupled with a cut of 16 per cent in advertising revenue at Rs 1,230.8 crore.

For the quarter under review, the company posted a consolidated net profit of Rs 349.4 crore, as against profit of Rs 562.4 crore in the corresponding quarter of the previous fiscal.

Shares of Bharti Airtel were up 2 per cent to Rs 524 on the BSE on Wednesday after the Department of Telecom (DoT) approved raising foreign direct investment (FDI) in the company to 100 per cent from 49 per cent allowed earlier.

The telecom services provider's stock was trading at its highest level since October 15, 2007. It touched its all-time high of Rs 527 on October 10, 2007.

The Shiv Sena on Tuesday said Maharashtra Chief Minister Uddhav Thackeray should not be blamed for the uncalled for controversy over the birthplace of Saibaba as nobody can tell whether the 19th century saint was actually born in Shirdi.

Noting that the Saibaba Sansthan's assets are worth over Rs 2,600 crore out of which social works are done, an editorial in Sena mouthpiece Saamana said Shirdi became rich because of the saint, and none can snatch away the richness of the town where he died.

Shares of Info Edge (India) climbed as much as 3.36 per cent to hit a high of Rs 2,676 apiece on the BSE in the intra-day trade on Tuesday after food aggregator Zomato signed a definitive agreement to acquire Uber Eats, Uber's food delivery business in India, in an all-stock transaction.

Info Edge has a stake in Zomato, which upon closing of the said acquisition, will reduce to about 22.71 per cent on fully converted and diluted basis, it said in a regulatory filing.

The Supreme Court on Tuesday agreed to list next week the fresh pleas of telecom firms, including Bharti Airtel, Vodafone Idea and Tata Teleservices, seeking a fresh schedule of payment of statutory dues to the tune of Rs 1.47 lakh crore to the Department of Telecommunications.

A bench headed by Chief Justice S A Bobde took note of submissions by a battery of senior lawyers including A M Singhvi and C A Sundaram and said it will list the fresh pleas "sometime in next week" before the same bench which had heard the earlier petition in the high-stake matter.

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