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Tata Communication’s scrip rose to a high of Rs 1,293.30 as against the previous close of Rs 1,268.55 on the National Stock Exchange

As it is already at an elevated level, further inflation is going to impact the economy across-the-board – be it households, businesses or transportation, says Principal Economist Dr Sunil Kumar Sinha.

The shares bought by Sharma were worth Rs 8.52 crore.

The company had in November said that it would consider the hiving off and separate listing of its aluminium, iron and steel, and oil and gas businesses as standalone entities

Government bonds were steady as the market consolidated after a surge in prices on Tuesday and as traders awaited the Reserve Bank of India’s monetary policy statement on Thursday.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 13835.97 Crore) operating in Consumer Durables sector.

A total of 11,493 shares changed hands on the counter till 10:56AM (IST)

The Nifty Bank index was trading 1.12 per cent up at 38454.0.

The stock quoted a 52-week high price of Rs 872.0 and a 52-week low of Rs 675.0.

"Typically the midcap IT would trade at a big valuation discount to the largecap names. Now that scenario has reversed and we have replaced some of the midcap IT names with the larger companies."