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A total of 46,607 shares changed hands on the counter till 01:30PM (IST).

Meanwhile, between 2017-2022, 4,000 smallcaps remained smallcaps. Just 26 smallcaps turned midcaps and only one smallcap turned large cap. The average return by those that remained smallcaps during this period was 5.3 per cent annually; the ones that became midcaps delivered 40 per cent return oan average while the only smallcap that became largecap delivered 55.8 per cent return annually.

“IT would be one industry where we will see a lot of concentric circles when it comes to talent mobilisation and that is the way forward. It is not just about saving costs, it is essentially getting a higher return on investment. That is how the future would look and one can stay relevant and ahead of the competition.”

“The sharp decline in India is also due to some profit taking by DIIs who have been sustained sellers in recent days. Profit booking is normal since the market had risen too fast (Nifty rallied 18 per cent from the June lows) in 2 months,” he said.

"The dollar index climbed for the fourth straight session and reached six-week highs after the Fed official’s hawkish comments on raising interest rates," he added. "The US 10-year bond yields rose and pushed precious metals lower."

The Nifty Pharma index was trading 0.33 per cent up at 12630.2.

According to a Bloomberg report, about 2.5 per cent of the equity of the company was traded during the early hours on Tuesday. However, the details of buyers and sellers were not known by the time of writing this report.

A break above the neckline of the pattern placed above Rs 700 levels suggests that bulls are in control, and if the momentum sustains, we could see fresh record highs in the next 1-3 months, suggest experts.

The bank said its board has "approved issuance of 1.75 crore additional equity stock options exercisable into an equivalent number of equity shares fully paid up of Rs 10 each, in addition to residual/remaining options which remain ungranted under ESOP 2018."

The stock quoted a 52-week high price of Rs 50600.0 and low of Rs 30295.6.