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The state Assembly passed an amendment to the Stamp Act, 1957, slashing the stamp duty payable on flats priced Rs 35-45 lakh to 3 per cent.

MobiKwik Chairperson, co-founder and COO Upasana Taku said the number of equity shares that would arise from the full exercise of options granted implies 7 per cent of the fully diluted outstanding shares.

A total of 6,982 shares changed hands on the counter till 02:12PM (IST).

The domestically focussed mid-cap index rose 0.9%, with travel stocks being among the top gainers.

The Nikkei share average dropped 2.17% to close at 29,839.71, marking its biggest fall since June 21. The broader Topix slipped 1.7% to 2,064.55.

Energy stocks added nearly 1.5% - their best session in a week - as oil prices jumped on signs of U.S. supply tightness.

While predominantly a developer, Evergrande -- which employs 200,000 people, has a presence in more than 280 cities and claims to indirectly generate 3.8 million Chinese jobs -- has been on a buying spree for more than a decade.

The Relative Strength Index of the stock stood at 62.38 on Tuesday.

As of 30-Jun-2021, promoters held 33.96 per cent stake in the company, while FIIs held 16.86 per cent and domestic institutional investors had 9.72 per cent.

“As long as there are no big triggers, global markets and more so India, would go into a phase of consolidation and this will be more of a time wise correction. Bond yields would drive other asset classes now including equity.”