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The Nifty Realty index was trading 0.19 per cent up at 453.3.

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"The labour market remains tight and there has been evidence of inflationary pressures in domestic prices and wages that could indicate greater persistence and thus justifies a further forceful monetary policy response," the BoE said.

“This is to inform that a meeting of the Board of Directors of Hinduja Global Solutions Limited will be held on Monday, December 19, 2022, inter-alia, to consider a proposal for buy-back of equity shares of face value of Rs 10 each of the company, including matters related / incidental thereto,” said the company’s filing with the exchange.

Fear gauge index India VIX was up by 6.62% from 12.88 to 13.73 levels. Volatility spiked from lows as market reacted sharply on the negative side after a long time but overall it has been hovering at lower levels from the last two months.

The Nifty IT index closed 2.11 per cent down at 29087.95.

The total number of shares to be bought back in the repurchase will be up to 17,14,285 units, representing 3.38 % of the total shares in the paid up equity share capital of the company

A total of 560 shares changed hands on the counter till 02:06PM (IST)

"Comex Gold prices are trading lower in the Asian trading hours on back of hawkish tone from US Fed. Fed Chairman Powell signalled more rate hikes possible next year to cool down inflation at targeted level," said Dilip Parmar, Research Analyst at HDFC Securities

The energy transition is real, irreversible and gaining momentum. Amidst this, the demand for power in India is on a sustained growth path with the generation mix balancing between sustainability and security, said JM Financial.