Shares of Indian Overseas Bank were locked at the 20 per cent upper circuit at 24.60 in the early morning deals on Thursday after the Reserve Bank of India (RBI) removed the public sector lender from its PCA (Prompt Corrective Action) framework citing improvement in the bank's financial and credit profile.

The stock witnessed massive combined volume of around 51.56 million shares in the first hour of trades on the BSE and NSE. The stock has pared some gains, but is still up 12.2 per cent at Rs 23 on the BSE, while the S&P BSE Sensex is down 10 points at 59,404 at 10:05 am.

The Delhi High Court hearing of Zostel (Zo Rooms) and OYO, which took place on Wednesday, was adjourned to a later date.

Zostel is a backpacker hostels chain which has been embroiled in a legal battle with OYO for the last three years after merger talks broke down.

The matter was listed for hearing on Oyo's challenge to the arbitration award, Zostel's petition to execute the award and Zostel’s application to seek interim relief to injunct any change in shareholding, including via an IPO.

Coal India, the country’s largest coal producer, re-entered the list of top-50 most valued companies in terms of market captialisation in the country on the back of a strong rally. The stock hit a fresh 52-week high at Rs 195.20, on ralling 12 per cent on the BSE in Wednesday’s intra-day trade on back of heavy volumes. In past three weeks, the stock has zoomed 31 per cent on improved business outlook.

A sharp rally in the share price of Coal India has seen the company’s market capitalisation (market-cap) crossing and regaining Rs 1-trillion mark.

The Congress in Uttar Pradesh is expected to launch its poll campaign for the 2022 Assembly elections on October 9 with party General Secretary Priyanka Gandhi Vadra addressing a public rally in Varanasi.

Former Varanasi MP Rajesh Mishra confirmed that preparations for the rally have begun and added that the event was being organised to give a message of change to the people across the state.

Gold (24 carat) is selling at Rs 46,040 per ten gram on Wednesday in India, down Rs 240 from the previous trade.

Silver is selling at Rs 60,100 per kg, up Rs 150 from yesterday's trading price, according to Good Returns website.

The price of gold jewellery varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

India reported less than 20,000 Covid-19 cases for the third straight day, recording 18,870 new cases in the last 24 hours and taking the total caseload to 3,37,16,451, the Union Health Ministry said on Wednesday.

India had reported 18,795 new cases on Tuesday and 19,859 on Monday.

A few weeks after the withdrawal of the US military from Afghanistan, the Taliban on Tuesday said that US drones are operating in Afghan airspace and asked it to follow obligations to prevent negative consequences, Sputnik reported.

Calling the US to move a breach of national security, the Taliban's spokesperson Zabihullah Mujahid asked all countries and Washington to act in accordance with mutual obligations.

Shares of Oil India hit an over three-year high of Rs 240, up 3 per cent on the BSE in Wednesday’s intra-day trade, in an otherwise weak market. The stock has surged 10 per cent in the past two trading days amid bullish momentum in global natural gas prices. In comparison, the S&P BSE Sensex was down 0.65 per cent at 59,281 points at 10:02 am.

The stock of the state-owned exploration & production (E&P) company was trading at its highest level since May 2018. In the past one month, it has outperformed the market by soaring 38 per cent as compared to a 5.7 per cent rise in the S&P BSE Sensex.

Amid the ongoing crisis in the party's Punjab unit, Congress general secretary KC Venugopal on Wednesday said the party has nothing to worry about as everything will be all right.

Navjot Singh Sidhu's resignation as state party chief has intensified the crisis in the Punjab Congress, and triggered discussions and deliberations in the party. A series of resignations poured in after Sidhu's resignation.

Pfizer has submitted research to the U.S Food and Drug Administration on the effectiveness of its COVID-19 vaccine in children but the shots may not be available until November.

The company said Tuesday it provided health regulators with data from a recent study of its vaccine in children 5 to 11 years old. Officials had said previously they would file an application with the FDA to authorize use in the coming weeks.

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