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Despite the sale, the stock ended in the green due to strong buying by domestic and foreign institutional investors. Shares of Apollo Tyres ended 0.5% higher at Rs 455.35. In the last three months, the stock has gained more than 22%. Nippon India Mutual Fund was the largest buyer of 1,20,44,000 shares or 1.9% stake for Rs 540 crore.

The Dow Jones Industrial Average rose 5.80 points, or 0.02%, at the open to 37,311.82.

In this round, the NBCF-MFI mobilised over three times the base issue of Rs 200 crore even as it was aiming to raise up to Rs 1,000 crore through an option to retain oversubscription up to Rs 800 crore over the base size

In case of Credo Brands, out of the total allocation of 58.9 lakh equity shares to anchor investors, 24.99 lakh shares were allocated to domestic mutual funds through a total of 3 schemes amounting to Rs 70 crore which is 42.4% of the total anchor book size.

On the technical charts, the RSI of the stock stood at 68.35.

Short covering signals a shift in view on a security from extreme bearishness to bullishness.

The dollar and euro both climbed 1% on the yen, each set for its biggest daily gain since end October, with the greenback reaching 144.27 yen, and the common currency 157.68.

The company expects revenue in the range of $15.40 billion to $16.00 billion. Analysts polled by LSEG forecast revenue of $16.29 billion.

Stocks that were in focus include names like Century Plyboards which was up more than 7% to hit a fresh all-time high, DCM Shriram closed with gains of over 10% to hit a fresh 52-week high and BEML closed with gains of over 5% on Tuesday.