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Sensex ended 216 points lower while the Nifty ended below 18,600 mark.

Investors appear to be heeding the warnings. Following a two-month rally, the S&P 500 Index has fallen in all but one of the last eight sessions and dropped 1.4% on Tuesday. Equity strategists, historically the market’s biggest cheerleaders, are now predicting a down year in 2023. And the red flags are being waved in the wake of wage and services data that suggested inflationary forces still grip the economy.

The Nifty Realty index closed 1.19 per cent down at 457.9.

The stock quoted a 52-week high price of Rs 169.4 and a 52-week low of Rs 93.2.

A total of 3,732 shares changed hands on the counter till 01:50PM (IST).

The stock traded at a P/E multiple of 54.13, while the price-to-book value ratio stood at 12.22.

"A change in stance to dovish going forward by RBI will lead to rally in the banking segment while a prolonged hawkish stance will impact deposit rates and lead to narrowing NIMs, more so for PSBs," said Anil Rego, founder and fund manager at Right Horizons PMS.

Honestly I do not think history in Indian markets will be very relevant here because some of these businesses we are seeing for the first time. Apart from the technical factors, we should also not forget that we have seen a rise in the interest rates which mean the cost of equity itself has gone up.

Incorporated in 2015, Dharmaj Crop Guard is an agrochemical company engaged in manufacturing, distributing, and marketing of a wide range of agrochemical formulations.

The Relative Strength Index of the stock stood at 58.81 on Wednesday.