It seems that large-scale consolidation didn't have effect on raising tariffs, and bailing out telcos from their tough times.

Trends in global markets do not augur well for India's economy.

The stock has lost 15% in the last 30 days and hit a fresh 52-week low of 164 on the BSE today. The stock has lost 61.79% since the beginning of this year and 58.48% during the last one year.

On November 30, ONGC's market value remained 34 per cent below its all-time high annual average of Rs 2,72,663 crore for financial year 2013/14.

Retail investors are also warming up to the idea with many discount brokerages and start-ups offering them algo trading platforms.

While shares of Dewan Housing Finance Corporation (DHFL) rallied as much as 7.13 per cent intra-day to Rs 214.85, Indiabulls Housing Finance gained as much as 3.43 per cent to Rs 725 on the BSE. Bajaj Finance stock too rallied 2.33 per cent to Rs 2564.15 level.

A brokerage report said as per its stress tests, the central bank can transfer Rs 1-lakh crore to the government if the transfer is limited to passing excess contingency reserve and can go up to Rs 3-lakh crore if the total capital is included.

The Indian stock market too briefly felt the pain inflicted on the people of Mumbai and inched lower when the attack took place. Actually, this was the second blow to the market already hit by the financial crisis of 2008 when indices found themselves in a free fall.

The stock has risen 28.27% during the last one year and gained 20.17% since the beginning of this year. The midcap stock is trading above its 50-day and 200-day moving averages of 126.56 and 132.63, respectively. Enthused by the buy rating for the Indian Hotels stock, other hotel stocks too rose in today's  trade.

U.S. commercial crude oil inventories rose by 4.9 million barrels to 446.91 million barrels last week, the Energy Information Administration (EIA) said in a weekly report on Wednesday. That was the highest level since December last year.

But broader economic conditions and sustained losses could push Uber to merge with rivals in India and the Middle East, particularly as Uber and India-based Ola share an investor in SoftBank Group Corp.

Chief executive officer Vinod K Dasari resigned after nearly 14 years with the company, the truckmaker said. The company board has accepted his resignation, a top official said on Tuesday.

Total income for the quarter rose to Rs 24,209.3 crore, over Rs 19,171.7 crore in the corresponding period a year ago. Coal India's production for the July-September period stood at 119.6 million tonnes (MT), as against 113.04 MT in the corresponding quarter a year earlier.