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A total of 76,138 shares changed hands on the counter till time (IST).

"Government investment has been the driving force for growth. So how much higher interest rates alone will impact growth is very difficult to say because growth is a combination of so many things. But certainly, higher interest rates will not help growth. Here, the RBI has much to answer for as interest rates today higher than they would have been had RBI woken up to its challenge a little earlier."

The Mumbai Bench of the National Company Law Tribunal (NCLT) on Wednesday admitted an insolvency petition media company Zee Entertainment Enterprises filed by its financial creditor IndusInd Bank, under Section 7 of the Insolvency and Bankruptcy Code (IBC).

The stock traded at a P/E multiple of 9.58, while the price-to-book value ratio stood at 1.06.

As of 31-Dec-2022, promoters held 51.36 per cent stake in the company, while FIIs held 12.27 per cent and domestic institutional investors had 3.64 per cent.

The Securities and Exchange Board of India has allowed stock exchanges to extend trading in the derivatives segment till 11:55 PM and in the cash segment till 5:00 PM. The National Stock Exchange is in discussion to extend trading hours.

The Nifty IT index was trading 0.57 per cent up at 30782.65.

A total of 15,373 shares changed hands on the counter till 11:38AM (IST)

“I still believe that the bias on the markets will remain positive because the underlying growth in the economy and outlook for earnings remains fairly stable and healthy. Probably it is one such phase where markets are sideways and probably will continue to remain so for the next few months.”

Options data suggests a broader trading range between 17350 to 17750 zones due to a spike in the volatility index,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services.