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The Nikkei share average finished 0.01% lower at 28,868.91, snapping a two-day rally that had sent it to the highest level in more than seven months. The broader Topix edged 0.15% lower to 1,981.96."The market rallied in the past (few) sessions but sentiment has been weakened by concerns about an economic slowdown," said Shuji Hosoi, a senior strategist at Daiwa Securities.

European shares extended gains for a fifth straight session on Tuesday, underpinned by miners and defensive sectors, although concerns over a potential recession limited further upside in the indexes.The continent-wide STOXX 600 index rose 0.2% by 0712 GMT, hitting a fresh 10-week high after recouping much of its June losses.

Brokerage firms have mixed opinions on the counter. However, the majority of them have suggested subscribing to the issue with a word of caution over the fully priced valuations in the growing sector.

“In Q1, high frequency indicators indicated that demand was pretty robust. The first trickle of the high frequency indicators that we are getting from Q2 is again very robust. The PMI numbers and the GST collections and credit growth is good but the bigger thing is that inflation is

The stock quoted a 52-week high price of Rs 3471.4 and low of Rs 885.0.

A total of 18,188 shares changed hands on the counter till 02:02PM (IST)

Following the development, shares of Max Healthcare Institute jumped more than 3 per cent to Rs 373.20 on Tuesday, before trading at Rs 372.80 at the same time. The scrip had settled at Rs 361.55 on Friday.

Along with the contractions, two reports last week that suggested inflation had likely peaked in July took some pressure off the Fed to deliver another oversized rate hike at its Sept. 20-21 policy meeting. The annual U.S. consumer price index rose by a weaker-than-expected 8.5% last month, following a 9.1% rise in June, while U.S. producer prices also unexpectedly fell 0.5% on a monthly basis in July.

Disney initially kept quiet about the measure, which limits classroom discussion of gender identity and sexual orientation, prompting criticism from that community and some employees. It later condemned the law, causing Florida Governor Ron DeSantis to rail against "Woke Disney."

The stock traded at a P/E multiple of 69.03, while the price-to-book value ratio stood at 7.49.