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On the technical charts, the RSI of the stock stood at 63.56.

As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also fell 21 per cent to 11,84,210 units as compared with 14,96,806 vehicles in March 2021. Motorcycle sales declined 21 per cent to 7,86,479 units as against 9,93,996 units in March 2021.

The Dow Jones Industrial Average fell 53.7 points, or 0.16%, at the open to 34166.64.

Shares of CSK are holding the fort at Rs 210-215 range in the pre-IPO market, with some solid expectations of more upside in the near term.

However, its total income was down 7.29 per cent to Rs 329.59 crore during the quarter under review. In the year-ago period, the same stood at Rs 355.52 crore.

Hathway Cable and Datacom, a cable television service operator based in Mumbai, said its consolidated net profit plunged 61 per cent during the quarter ending March. This happened despite the revenues being stable. This apparently happened due to a high base.

Independent analyst Manish Shah said the Evening Star pattern is taking place below a falling trendline and also into a Fibonacci retracement cluster. "We have context and location for the bearish pattern. This does suggest that Nifty50 will trade lower over the next 2-3 weeks."

The second largest IT player on Wednesday said it delivered the highest annual growth in a decade with broad-based performance.

In the international market, gold was trading with gains at USD 1,974 per ounce and silver was flat at USD 25.62 per ounce.

The record date for the purpose of payment of the final dividend is June 1, 2022, the company said in a regulatory filing. The dividend will be paid on June 28, 2022. With this, the company will be taking the total dividend for FY22 to Rs 31 per share, an increase of 14.8 per cent over the prior year, according to Nilanjan Roy, Chief Financial Officer of the company.