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It has an asset base of over Rs 60,000 crore in 10 states across the parent company and two Infrastructure Investment Trusts (InvITs), IRB infrastructure said.

The Dow Jones Industrial Average rose 28.77 points, or 0.09%, at the open to 33,165.14

In respect of the stock split, the record date has been fixed as January 10, 2023. The company, in its filing with the exchanges on December 29, intimated about the record date and said, "We would like to inform to the exchange that Board of the Directors of the Company

The Nifty Auto index closed 0.81 per cent down at 12512.05.

Mahindra and Mahindra Financial Services said on Wednesday the Reserve Bank of India lifted curbs placed on the company last year that had prevented it from using third-party services for loan recovery.

Euro zone government bonds likewise extended their rally from the first two trading days of 2023, with the benchmark German 10 year yield sliding 10 basis points on signs central banks are making progress against inflation.

However, Marico expects gross and operating margins to improve in the quarter as key input costs and consumer prices across key franchises saw some stability.

The 30-share BSE Sensex slumped 637 points to settle at 60,657.45. Nifty at the close settled with a drag of 1% at 18,043. From the Nifty pack, Divis Labs, HDFC Life, Maruti Suzuki and UltraTech Cement were the top gainers.

Option data suggests a broader trading range between 17,800 and 18,500 zones with an immediate trading range between 17,900 and 18,250 zones.

The Nifty IT index closed 0.98 per cent down at 28677.8.