In the broader market space, the S&P BSE MidCap and SmallCap indices ended the session down 0.71% and 0.95%, respectively.
Individually, shares of Tata Motors hit a three-year high of Rs 358.25, up 1.5%, on BSE in intraday trading on Wednesday on the back of large volumes. However, the stock erased its gains in the second half and ended the session down 2.72% to Rs 343.25.
Birlasoft shares jumped 12% to a new high of Rs 421 on BSE in intraday trading on Wednesday after CK Birla Group partnered with ‘Regulativ.ai’, to co-develop a new cyber based on AI / ML -Regulatory reporting platform. The action erased the majority of the gains and closed the session up 0.52% at Rs 377.95.
All of the Nifty sectors ended today’s session in the red, with the Nifty Auto, Nifty PSU Bank and Nifty Realty indices each falling over 1%.
Global markets
European stocks stabilized near record highs on Wednesday as investors withheld big bets ahead of a European Central Bank policy move and a reading of US inflation later this week.
The pan-European STOXX 600 index slipped 0.1% in morning trading, but remained just short of the record of 455.66 reached in the previous session. The other main regional exchanges, including the German DAX and the French CAC 40, were trading flat.
In Asia, the MSCI’s largest index for Asia-Pacific non-Japan stocks fell 0.15% and Japan’s Nikkei average fell 0.25%.
(With contributions from Reuters)
