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The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

CLSA said auto stocks are fairly valued led by a sharp rally in the stock price. "Recovery in volume growth seen in the two-wheeler segment. Affordable Electric 2-W are likely to come as a drag in margins. Expect premium motorcycles to grow faster,” said the note.

“We believe the capex cycle in the Indian economy is just starting and over the next one to two years we may see much more of this play out, earnings surprising on the upside in many pockets of the market and that will give tailwinds to the markets and individual opportunities in times to come.”

A total of 2,975,652 shares changed hands on the counter till time (IST).

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The Relative Strength Index of the stock stood at 62.75 on Wednesday.

The token jumped 5.8% to scale $42,000 on Monday and was just below that level in morning Asian trading on Tuesday. In contrast, gauges of global shares and bonds are nursing losses since the start of the week.

Most S&P 500 sector indexes ended down after data showed U.S. job openings dropped in October to the lowest level since early 2021, indicating that the labor market was easing.

The dollar index, which measures the U.S. currency against six rivals, was 0.019% higher at 103.99, having climbed 0.3% overnight. The index is up 0.5% this month, after sliding 3% in November, its steepest monthly decline in a year.

Meanwhile, crude oil sank to a nearly five-month low, while bullion held steady after dropping back from an all-time high. Bitcoin traded just below $44,000 following its surge this week to a 20-month peak.