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JP Morgan on Tata Steel and SAIL said, "Investor sentiment remains bearish on metals, lacking a meaningful demand recovery in China. Either steel prices need a rally or coking coal prices need to fall. Indian steel mills are well positioned".

On the technical charts, the 200-day moving average of the stock stood at Rs 7721.15.

The B2B e-commerce business would be launched in a phased manner from H1FY2024.

Stocks that were in focus include names like Siemens which was up over 3%, Jindal Saw rose nearly 5% and Torrent Power rallied more than 10% on Wednesday.

“IT is now a market performer if not marginal outperformer for many of the frontline companies. Overall, the earnings season has been particularly good in terms of surprises on the upside. In fact, downgrades were reasonably large and merit attention. One has to keep focus on the sectors where growth is expected and that will keep banks among the large ones.”

Tech Mahindra, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 104330.67 Crore) operating in IT Software sector.

"Vedanta Ltd has been declared as the preferred bidder for Sijimali bauxite block... under the mineral block auction conducted by the government of Odisha," the company said in a filing to BSE.

GLOBAL-OIL/Oil edges up as market shrugs off U.S. inventory surge

MSCI said last week it would cut the weightings of four Adani Group companies, including flagship firm Adani Enterprises , in its indexes after reassessing the number of shares that are freely traded.

This is the first time RBI has released a list with “current application status” for all payment aggregators, saying it is in the interest of “greater transparency.” The list, the banking regulator said, would be updated every fortnight. The current status is as of February 15 and scrutiny of applications is still underway.