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"India December Manufacturing PMI came in at 57.8 against 55.7 in November. This shows that economy is still resilient as has also been evident from other high frequency indicators such as car sales and core sector data," IFA Global Research Academy said in a research note.

Retail shareholding in Indian companies clocked a near 15-year high in June 2022, according to data from the NSE. Post-rate hike, retail shareholding still makes up around 9% in both the Nifty 50 and Nifty 500 Index.

This takes the offer price to 342.65 rupees per share, matching what Adani paid NDTV founders when they sold their stake to the conglomerate last week.

The exemptions from the MPS norm will be valid for a "specified period" even if there is a change in ownership or control after the exemption is granted, the notification said.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 19.65 per cent and 6.76 per cent, respectively.

A total of 45,362 shares changed hands on the counter till 12:50PM (IST).

"We are also exploring opportunities in emerging areas of Green Hydrogen, Battery Energy Storage Systems through collaborations with global technology companies," Rajib K Mishra, CMD (additional charge), PTC India said.

The Nifty Auto index was trading 0.01 per cent down at 12665.85.

"A correction in the equity market can pose a significant risk to EV because of its large equity investment book, especially in the non-participating segment," the brokerage said.

“The Supreme Court has very often gone against its own judgments as we saw in the case of 2G spectrum auction where it said that no it should not have been done on the first cum first serve basis, it has to be done by auction for 2G. Again in the case of privatisation, the Supreme Court has repeatedly entertained petitions against privatisation.”