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The Nifty Auto index closed 0.75 per cent down at 17932.7.

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The momentum indicator maintains a positive crossover, suggesting ongoing strength. The bullish trend is expected to persist as long as it stays above 21,350 consistently

The company boasts a track record of impressive financial performance with consistent revenue and profit growth, further fueled by robust expansion plans that unlock exciting future potential

The index has managed to recoup losses and closed flat, suggesting that bulls are not ready to give up. However, for the bulls to take control, a close above the crucial 48,000 mark is required

The floor price for the sale has been set at Rs 310 a share, and Kotak Mahindra Capital and IIFL Capital are the advisors to the mega deal. The floor price is at a discount of nearly 8% to the current market price. The units of Embassy Parks REIT ended 3.4% higher on the BSE at Rs 335.54.

The issue comprises fresh equity of Rs 240 crore and an offer for sale (OFS) of Rs 500 crore. Under the OFS, promoter Rakesh Chopdar, investor Piramal Structured Fund, and DMI Finance will offload shares.