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Wipro is best placed in terms of resilience (least exposure to stressed verticals), expectations (pessimism built in given highest cuts to FY24E USD revenue growth) and valuation comfort (lowest premium to past 5-year median), the brokerage firm said.

The BSE Sensex was trading 438 points or 0.70% lower at 61,744. Nifty50 was trading at 18,378, down 118 points or 0.64% at around 9.18 am

The Nifty Realty index was trading 0.19 per cent up at 448.4.

​The divestment includes cement plants with an aggregate capacity of 9.4 million tonne, clinker assets with a capacity of 6.7 million tonne, and 280 MW capacity thermal power plant, the Jaypee Group companies said in a release.

Global investors, including Capital Group, UBS, Abu Dhabi Investment Authority (ADIA), USS, William Blair and Nomura, have picked up over 7.2% stake in the company

"Fed members would be concerned about the impact of past rate hikes as monetary policy operates with long and variable lags. At the same time, they would highlight that the fight against inflation is not over," said Abhishek Goenka, founder and CEO of forex advisory firm IFA Global.

In the Sensex pack, Asian Paints, Infosys, Titan and Kotak Bank were the top losers, falling about 1-2%. Power Grid, SBI, Bharti Airtel, Sun Pharma, Bajaj Finserv and HUL also closed lower.

The Rs 345.6 crore initial public offering (IPO) of Abans Holdings, is all set to hit the primary markets on Monday, December 12. Here are key things you should know about the issue.

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GLOBAL-Oil resumes slide as weak economy outweighs supply risks