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Reuters had reported on Sunday that this outcome was likely. After reviewing investor commitments on Tuesday, Arm decided it will only accept the top end of its indicated $47-to-$51-per-share range, or a price that is even higher, the source said.

The stock has risen 55% this year on optimism the rise of generative AI would drive up cloud demand. Lower-than-expected revenue for the first quarter and a below-estimate forecast for the second, however, signaled the boost from AI would take longer to materialize.

"Overall, we expect the focus to shift from mid and small caps to large caps in the near term, as investors may turn cautious on the broader market," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

The dollar index was down 0.1% against its peers, lending gold some support after bullion prices dropped on Tuesday to their lowest level since Aug. 25 at $1,906.50.

The S&P 500 is up 16% so far this year, but many investors are concerned the index has become too expensive, especially as Treasury yields have climbed.

Stocks that were in focus included names like L&T, which rose 1.88%, Cochin Shipyard, which fell 10.8%, and BEML, whose shares declined 10.61% on Tuesday.

The Reserve Bank of India has introduced revised guidelines for banks to categorize their investments in alignment with global standards. The new framework includes three categories: available for sale, held to maturity, and fair value through profit and loss. The existing held-for-trading category will become a sub-category of fair value through profit and loss.

Oracle shares dived to their lowest since June after the cloud-services provider forecast current-quarter revenue below targets and narrowly missed first-quarter expectations.

The census results showed that the United states followed by Mauritius, the United Kingdom and Singapore accounted for 60 percent of the inward FDI in the country in 202-23. In case of overseas direct investment - ODI - also, Singapore, the United States and the United Kingdom and the Netherlands were among the top four destinations accounting for 60 percent of the Rs 9.1 lakh crore invested by Indian entities in 2022-23.