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"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.

Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 47142.97 Crore) operating in Retail sector.

"The market mood has suddenly changed after the release of the Fed minutes which indicate steeper rate tightening than what the market had discounted. Now, the focus will be on what the Fed chief Powell will say at the Jackson Hole symposium on Friday," said V K Vijayakumar of Geojit Financial Services.

RBL Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.

A total of 6,116 shares changed hands on the counter till 10:20AM (IST).