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The Dow Jones Industrial Average rose 84.56 points, or 0.25%, at the open to 33,379.51.

The buyback of shares will be at a price not exceeding Rs 875 per equity share through the open market route.

​​Geojit offers end-to-end support on WhatsApp to simplify the process of applying for IPOs for its customers. The key feature of the service is an embedded option called e-IPO, which allows investors to navigate the IPO application process with ease and convenience.

Initially market participants will be able to trade in eight prominent US stocks, and in a phased manner in 50 of them just like traders do in the US.

In the international market, gold was trading marginally lower at USD 1,943 an ounce and silver was flat at USD 25.18 an ounce.

If the index sustains above 16,478 level, sideways consolidation with a positive bias should continue, said Mazhar Mohammad of Chartviewindia.in.

In prepared remarks for his testimony to the U.S. House of Representatives Financial Services Committee, Powell reiterated the core Fed narrative that high inflation and an "extremely tight" labor market warrant higher interest rates.

The 30-share pack Sensex dropped 778.38 points or 1.38 per cent to 55,468.90. Its broader peer, Nifty50, plunged 187.95 points or 1.12 per cent to 16,605.95.

“If oil prices were to go to $150 for two months because of the war, then that goes to $90 a barrel on an average for the full year. So, we are talking of a $30 billion outflow, $10 billion because of oil and $20 billion because of the FIIs. India is fairly alright. The RBI has forex reserves of about $680 billion. $600 billion is adequate and leaves $80 billion of excess reserves. If they have to sell $30 billion, they will still have a war chest of $50 billion.”

The 30-share BSE Sensex closed down 778.38 points at 55468.9