Shares of sugar companies were buzzing on the bourses on Thursday, with most of the frontline stocks trading higher by up to 8 per cent on the BSE on higher ethanol demand due to rising oil prices.

Individually, Balrampur Chini Mills, Dhampur Sugar Mills, Triveni Engineering, Shree Renuka Sugars, Dwarikesh Sugar Industries and Dalmia Bharat Sugar and Industries rallied between 5 per cent and 8 per cent in the intra-day trade. In comparison, the S&P BSE Sensex was up 0.25 per cent at 55,605 points at 10:05 AM.

Shares of Coal India surged 7 per cent to Rs 198 on the BSE in Thursday’s intra-day trade. The stock has rallied 32 per cent in last four trading sessions on improved outlook amid rising commodity prices. The stock of state-owned company now traded close to its 52-week high of Rs 203.85 registered on October 6, 2021.

At 09:38 am; the stock traded 2 per cent higher at Rs 187.95 on back of heavy volumes. In comparison, the S&P BSE Sensex was up 0.32 per cent at 55,648.

Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition, three sources with direct knowledge of the matter told Reuters.

For more than a year, Amazon and Future Group have been in a legal stand-off that has stalled Future's $3.4 billion sale of assets to Reliance Industries.

Indian conglomerate Reliance Industries said on Thursday it would invest 16.7 billion rupees ($220.70 million) to create a joint venture (JV) with U.S.-listed Sanmina Corp for making electronic products in the Asian country.

The JV aims to make hardware for 5G communications, cloud infrastructure, healthcare systems, and defense and aerospace, Reliance said in a regulatory filing.

Shares of Vedanta hit an over 11-year high of Rs 395.25, up 4 per cent on the BSE in Wednesday's weak market, on rising commodity prices. The stock was trading at its highest level since May 2010. In comparison, the S&P BSE Sensex was down 1.3 per cent at 55,515 points at 10:22 am.

In the past one week, Vedanta has outperformed the market by gaining 12 per cent on higher commodity prices including crude oil and metals as tensions between Russia and Ukraine have flared up and are creating havoc in most of the asset classes. The benchmark index was down 3 per cent during the same period.

Bajaj Auto on Wednesday reported a 16 per cent drop in its total sales to 3,16,020 units in February.

The company had sold 3,75,017 units in February 2021.

Domestic sales last month stood at 1,12,747 units as against 1,64,811 units, down 32 per cent, Bajaj Auto said in a regulatory filing.

India logged 7,554 new coronavirus infections, taking the total tally of COVID-19 cases to 4,29,38,599, while the active cases dipped to 85,680, according to the Union Health Ministry data updated on Wednesday.

The death toll climbed to 5,14,246 with 223 fresh fatalities, the data updated at 8 am stated.

Ten gram of 24-carat gold is selling at Rs 50,950 on Wednesday, down Rs 330 since the last trade as demand dipped for the safe-haven bullion.

Ten gram of 22 carat gold is selling at Rs 46,700, down Rs 300 from Tuesday according to the Goodreturns website. One kg of silver is selling at Rs 65,000, down Rs 200 from the last trade.

Shares of Quint Digital Media were locked at 20 per cent upper circuit at Rs 483.40 on the BSE in Wednesday's trade after the company announced that Adani Group will acquire a minority stake in Quintillion Business Media Private Limited (QBM), an indirect subsidiary of Quint Digital.

"The proposed transaction with the Adani Group is only for QBM which is a digital business news platform and not in relation to other digital media/ media tech properties owned by Quint Digital viz. The Quint, Quintype Technologies, thenewsminute and Youthkiawaaz," said Quint Digital in a stock exchange filing without quantifying the stake Adani was taking.

Hindustan Unilever (HUL) hiked prices across its portfolio of products by 3-13 per cent in multiple tranches in February, with the sharpest increase of 13 per cent seen in the 100 gm Lux soap pack, the price of which increased to Rs 35 from Rs 31 earlier.

The price of the 125 gms soap pack of Lifebuoy was hiked from Rs 31 to Rs 33, a rise of 6.5 per cent. In January, the company had hiked the price of the same stock-keeping unit from Rs 29 to Rs 31.

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