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The company saw its highest-ever order inflow during the year 2021 at over Rs 1,500 crore. It has an outstanding order book of almost Rs 900 crore, said Rajeev Jain, managing director of KSB Ltd.

The Dow Jones Industrial Average rose 81.52 points, or 0.24%, at the open to 33,972.87.

One can invest by buying unsponsored depository receipts (DRs) on US stocks. Market makers will buy US shares and issue these receipts, which will be known as NSEIFSC receipts, in ratios.

The daily chart also formed in an Inside Bar formation and that the large bearish candle was a cause of concern.

In the international market, gold was trading higher at USD 1,932 an ounce and silver was flat at USD 25.40 an ounce.

UPL has joined the bandwagon of companies announcing share buyback to the tune of Rs 1,100 crore, at a price of Rs 845. The buyback price would be at a 23 per cent premium to Wednesday prices. Sensing the opportunity, traders on Thursday rushed to buy the stock wishing to capitalise on the offer.

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A total of 312,444 shares changed hands on the counter till 02:05PM (IST).

At the interbank foreign exchange market, the rupee opened strong at 75.76 against the American dollar but soon entered the negative territory as investors turned towards safe-haven assets. During the session, it swung between a high of 75.60 and a low of 75.98.

The 30-share pack Sensex tumbled 366.22 points or 0.66 per cent to 55,102.68. Its broader peer, Nifty50, dropped 107.90 points or 0.65 per cent to 16,498.05.