In the broader market space, the S&P BSE MidCap and SmallCap indices ended the session 0.71 per cent and 0.95 per cent lower, respectively.
Individually, shares of Tata Motors hit an over three-year high of Rs 358.25, up 1.5 per cent, on the BSE in intra-day trade on Wednesday on the back of heavy volumes. However, the stock erased gains in the second half and ended the session 2.72 per cent lower at Rs 343.25.
Birlasoft shares surged 12 per cent to hit a new high of Rs 421 on the BSE in intra-day trade on Wednesday after the CK Birla Group company partnered with ‘Regulativ.ai’, to co-develop a new AI/ML-based cyber-regulatory reporting platform. The stock erased majority of the gains and closed the session 0.52 per cent higher at Rs 377.95.
All the Nifty sectoral ended today’s session in the red, with Nifty Auto, Nifty PSU Bank, and Nifty Realty indexes falling over 1 per cent, each.
European stocks steadied near record highs on Wednesday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and U.S. inflation reading later this week.
The pan-European STOXX 600 index slipped 0.1% in morning trade, but stayed just short of a record high of 455.66 hit in the previous session. Other main regional bourses including Germany’s DAX and France’s CAC 40 were trading flat.
In Asia, the MSCI’s broadest index of Asia-Pacific shares outside Japan ticked down 0.15% and Japan’s Nikkei average shed 0.25 per cent.