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Stocks that were in focus included names like TCS, which fell 0.44%, Bank of Baroda, which rose 3.22%, and I-Pru Life, whose shares declined 2.63% on Wednesday.

“My pecking order for the largecap is HCL Tech, Infosys, TCS, Tech M and then Wipro. I definitely believe that the midcap segment is likely to outperform the largecaps because smaller size is more effective for achieving growth due to lower bases. However, midcaps are likely to outperform the largecaps.”

"While the broader markets are still attractive for investment, there are "pockets of irrational exuberance" in the mid and smallcap space. He recommends having a balanced multi-cap portfolio across large, mid, and small-cap stocks to navigate the current market conditions. Bhattacharya expects global macro conditions to remain weak in the next 6-12 months but improve thereafter. He suggests investing in sectors with relative earnings resilience, such as manufacturing, lending financials, real estate, electronic manufacturing services, and defense indigenization."

The initial $170 million tranche will pay off Davidson Kempner debt; the Manipal chairman may rope in more PEs.

Naveen Jindal, the promoter of Jindal Steel and Power, has expressed interest in buying insolvent airline Go First. The expression of interest has been submitted by Jindal Power, owned by Worldone Pvt Ltd, a company owned by Naveen Jindal. It is unclear whether Jindal is looking to acquire the airline outright or act as a strategic investor. Go First has over ₹20,000 crore in claims from creditors and is running against the clock to resume its services.

Trading was choppy on Wednesday with all the indexes starting off the session with gains before turning lower ahead of the minutes and then regaining lost ground to push higher.

U.S. crude oil stockpiles swelled by about 12.9 million barrels, according to market sources citing American Petroleum Institute figures on Wednesday.