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Tech giants listed in Hong Kong were hit hard, with their sub-index opening 2.9% lower. Hong Kong shares of Alibaba fell 3.3% after affiliate Ant Group said it had no plan to initiate an initial public offering. This was a response to media reports that Beijing had approved relaunching the IPO.

Stocks that were in focus include names like Oil India which rallied over 6 per cent, Deepak Nitrite recouped losses and closed flat with a negative bias, and MRPL rose over 2 per cent on Thursday.

Despite the decline in FDI inflow, a flurry of new international project finance deals was announced in the country - 108 projects compared with 20 projects on average for the last 10 years, the agency said in its World Investment Report.

Originally, private sector lender ICICI Bank had approached the tribunal to admit the company under the Corporate Insolvency Resolution Process (CIRP) after the company defaulted on over ₹800 crore. On March 8, 2019, the tribunal admitted the plea.

The company has planned malls in Gurugram and Goa and high streets in Gurugram, in addition to retail space in its upcoming residential and commercial developments, the majority of which will be launched this year. "We believe that organised retail will continue to grow faster than retail as a sector," said Sriram Khattar.

The Dow Jones Industrial Average fell 638.11 points, or 1.94%, to 32,272.79; the S&P 500 lost 97.95 points, or 2.38%, to 4,017.82; and the Nasdaq Composite dropped 332.05 points, or 2.75%, to 11,754.23.

This could give the Fed some wiggle room to raise rates less aggressively later in the year as it tries to rein in inflation without tipping the economy into recession.

Bajaj Auto, the two-wheeler maker said that the Board of Directors on June 14 will consider a proposal for buyback of fully paid-up equity shares. It might be the first buyback announcement by the company since 2000.

Such practices are also a prerequisite for financial stability of the system, he said. The Reserve Bank is also expected to come out with a regulatory framework for technology based digital lending that is fact picking up.

Deposits maturing in two, three and five years are offering 89-151 basis points less than similar maturity govt bonds. The differentials are the widest since 2014, show data compiled by ETIG, updated until June 8.