Shares of Vodafone Idea (Vi) moved 7 per cent higher to Rs 11.03 on the BSE in Wednesday’s intra-day trade on the back of heavy volumes, in an otherwise weak market.

At 10:40 am; the stock of Vi was trading 6 per cent higher at Rs 10.95, as compared to a 1 per cent decline in the S&P BSE Sensex. The counter saw huge trading volumes with a combined 214 million equity shares having changed hands on the NSE and BSE. The stock of the telecom services company was trading higher for the fourth straight day and has rallied 14 per cent during the same period.

Shares of Tata Power hit a fresh record high of Rs 287.90, up 5 per cent on the BSE in Wednesday’s intra-day trade in an otherwise weak on the back of heavy volume on improved business outlook. In comparison, the S&P BSE Sensex was down 0.7 per cent at 59,742.

The stock of Tata Group electric utilities company has rallied 21 per cent in the past four trading days. On Tuesday, it surpassed its previous high of Rs 269.70 touched on October 19, 2021.

Shares of Gautam Adani-led Adani Group companies continued their upward march with Adani Enterprises and Adani Green Energy hitting respective life-time highs after these two companies along with Adani Transmission announced plans to raise funds.

The boards of directors of these three companies are scheduled to meet on Friday, April 8, 2022 to consider and approve the proposal for raising of funds by way of rights issue, preferential allotment, including a qualified institutions placement or through any other permissible mode and/or combination thereof.

Asian Development Bank on Wednesday projected a seven per cent collective growth for South Asian economies in 2022 with the subregion's largest economy India growing by 7.5 per cent in the current fiscal year before picking up to eight per cent the next year.

Releasing its flagship Asian Development Outlook (ADO) 2022, the Manila-based multi-lateral funding agency said the growth in South Asia is projected to slow to seven per cent in 2022, before picking up to 7.4 per cent in 2023.

Oil companies increased the price of petrol and diesel in Delhi by 80 paise each, marking the 14th such hike in two weeks. Petrol costs Rs 105.41 and diesel Rs 96.67 per litre after the hike.

In Mumbai, petrol and diesel prices cost Rs 120.51 and Rs 104.77, respectively.

Tata group's real estate arm Tata Housing plans to invest around Rs 1,200 crore over the next two years to acquire land outright and through joint ventures across major cities to develop group housing projects as well as for plotted development, which has gained traction amid the COVID pandemic.

In an interview with PTI, Tata Realty and Infrastructure CEO & MD Sanjay Dutt noted that the demand for plots has increased significantly during the pandemic and highlighted that the company has sold all 157 plots in Bengaluru for Rs 130 crore.

Samajwadi Party President Akhilesh Yadav on Tuesday attacked the BJP on the issue of price rise, alleging that the saffron party has become a "company", which is passing on "increased cost" to people without reducing profit.

He also tagged a news report "Cost of living rises in India as companies pass on higher prices" with his tweet.

Shares of Tata Motors gained 3 per cent to Rs 460 on the BSE in Tuesday's intra-day trade, in an otherwise subdued market, gaining 6 per cent in three trading days after the company reported a healthy volumes in the month of March.

The counter witnessed large trading volume with a combined around 12 million shares having changed hands on the NSE and BSE till 10:33 am. In comparison, the S&P BSE Sensex was down 0.39 per cent at 60,377 points.

Dell Technologies India registered a record annual business growth of 64 per cent in the financial year ended December 2021, a senior company official said on Tuesday.

The company's President and Managing Director Alok Ohrie said its demand velocity reflects how businesses continue to prioritise their digital transformation to help meet customer needs and improve productivity.

With 795 new coronavirus infections reported in a day, India's total tally of COVID-19 cases rose to 4,30,29,839, while the active cases dipped to 12,054, according to the Union Health Ministry data updated on Tuesday.

The death toll climbed to 5,21,416 with 58 fresh fatalities, the data updated at 8 am stated.

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