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The Nifty Auto index was trading 0.1 per cent up at 13017.65.

Axis Capital, Citigroup Global Markets, Goldman Sachs and JM Financial are handling the OFS. It is part of the government’s disinvestment target. The Centre aims to raise Rs 65,000 crore through divestment in 2022-23 (April-March).

NTPC, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 167267.49 Crore) operating in Power sector.

The stock quoted a 52-week high price of Rs 278.1 and low of Rs 181.15.

Promoters held 37.01 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 26.82 per cent and 8.25 per cent, respectively.

The Nifty Pharma index closed 0.67 per cent up at 12883.6.

The US Fed on Wednesday increased interest rates by 50 basis points on expected lines and signalled more hikes ahead to fight inflation. The US central bank raised the interest rate to 4.25-4.50 per cent to the highest level in 15 years.

Credit Suisse’s India Equity Strategist Neelkanth Mishra said once monetary tightening in the US starts to weaken the labour market, IT services firms would also see earnings cuts. In our view the point at which the job market in the US starts to show pressure, and company management begins to talk about weak order flow would be a good time to take a fresh look at this sector.

"The government is trying to do very good things but attributing everything to one individual may scare away the foreign investors. It makes them nervous and they wonder if this is the next China. What if tomorrow like Xi or Putin, we do something stupid? It is very ambitious and sometimes we mis-position ourselves thinking it is going to work in our favour. But that is not the message they want to hear."

The stock quoted a 52-week high of Rs 3910.0 and a 52-week low of Rs 1513.0.