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A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond

The SoftBank-backed company has been in turmoil ever since its plans to go public in 2019 imploded after investors recoiled at its hefty losses, corporate governance lapses and the management style of then founder-CEO Adam Neumann

Promoters held 34.64 per cent stake in the company as of 30-Jun-2023, while FIIs owned 26.25 per cent, DIIs 25.56 per cent.

"The issue is priced at 10.5 times based on its NAV of 18.89 as of March 2023 and with good legacy parentage, tech-enabled and process-driven solution company and retirement of debt from IPO proceeds to improve net margins, we recommend a "Subscribe" to the issue for long term rewards," said Reliance Securities

Stocks that were in focus include names like Varun Beverages, which rose 0.34%, Gland Pharma, which gained 3.04%, and Kalyan Jewellers, whose shares jumped 2.73% on Wednesday.

Axis Bank has received approval to infuse Rs 1,612 crore in Max Life Insurance by subscribing to shares on preferential basis.

Brent crude fell 20 cents, or 0.2%, to $87.35 a barrel by 0006 GMT, after settling at its highest since Jan. 27 in the previous session.

"The markets today are just kind of waffling around. And the reason for that is tomorrow is going to be the CPI report for July being released", said Jason Krupa, vice president of asset management at Lenox Advisors.

Spot gold was steady at $1,916.19 per ounce by 0123 GMT, a few dollars away from its lowest level since July 10 hit on Wednesday. U.S. gold futures were down 0.1% at$1,948.90.

The U.S. currency edged to a one-month high versus the yen as markets took the view that the Bank of Japan will be slow to exit stimulus, even with traders mostly betting the Fed is done with rate hikes.