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India’s most valued firm Tata Consultancy Services’ shares surged by 3.13% to hit a fresh 52-week high of Rs 1,935.90 on the BSE on Wednesday after posting stellar quarterly results.

Intermittent rain continued to lash Mumbai even as a few trains were cancelled and several others were delayed due to heavy water-logging on railway tracks.

Insurance behemoth Life Insurance Corporation (LIC) of India will not be given any relaxation from the Securities and Exchange Board of India’s (Sebi’s) takeover code and will have to make an open offer to the stakeholders of state-owned IDBI Bank.

The benchmark indices are trading in a range with some positive bias on Wednesday despite weakness in their key Asian peers.

China broke into the world's top 20 most-innovative economies as Switzerland retained its number one spot in the Global Innovation Index (GII) annual ranking published by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO) on Tuesday.

Shares of Tata Consultancy Services (TCS) rose 3% to Rs 1,928 per share on the BSE in early morning trade

Shares of PNB Housing Finance were up by 6% at Rs 1,269 per share on Wednesday in intra-day trade, extending their 2% rise in the previous day on the BSE,

SEBI has recently notified non-promoter shareholders to get their shares converted in demat form and has also given a deadline till December to dematerialise their shares.

The benchmark indices pared most of their day's gains to end marginally higher on Friday tracking recovery in the global markets.

Participation in Indian markets will get more difficult for foreign institutions based out of Mauritius – India’s second largest source of Foreign Portfolio Investor (FPI) flows.

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