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Stocks that were in focus include names like RIL, which rose 1.07% and Infosys, which gained 0.6% and Axis Bank, whose shares fell 2.5% on Wednesday.

Stallion India Fluorochemicals plans to use the funds raised from the IPO for incremental working capital requirements, capital expenditure requirements for semiconductor and specialty gas debulking and blending facility and other general corporate purposes.

The price band for Landmark Immigration Consultants is fixed at Rs 70-72 apiece, where investors can bid for 1,600 shares in one lot.

Laxmi Dental GMP has declined a bit since the issue opening and the latest is at around Rs 126. If the current trends sustain, the stock is expected to see a premium of 29% over the issue price on listing which is scheduled on January 20.

Brent crude futures rose 30 cents, or 0.4%, to $82.33 per barrel by 0120 GMT, after rising 2.6% to its highest since July 26 in the previous session. U.S. West Texas Intermediate crude futures rose 32 cents, or 0.4%, to $80.36 a barrel after gaining 3.3% on Wednesday, reaching its highest since July 19.

The yen was the biggest major mover on the dollar overnight, rising about 1% and extending gains in Asia, as inflation relief in the U.S. raised chances of Federal Reserve rate cuts and coincided with murmurs of a Bank of Japan hike next week.

Barflex Polyfilms IPO was subscribed nearly 141 times at close due to bidding largely driven by non-institutional investors. The company, which offered a mere 47 lakh shares, received bids for nearly 66 crore shares.

Abheek Barua, economist, highlights the need for adjustments in income tax rates, particularly for the lower middle class, to boost mass consumption. He suggests there may be tweaks or reductions in the upcoming budget to address this issue. Barua also advocates for increased allocations to welfare schemes like NREGA to support those outside the tax pool.

Adani Group shares will be in focus on 16 January after Hindenburg Research, a US short-selling firm, was disbanded. Its founder, Nate Anderson, announced the closure on 15 January, citing the completion of their investigative projects. The firm gained notoriety for reports that impacted Gautam Adani, resulting in significant financial losses for his businesses.