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On the technical charts, the 200-day moving average of the stock stood at Rs 966.44.

Reliance Capital’s counter fell to a low of Rs 19.05 as against Rs 20.05 at previous close on the BSE.

A total of 18,285 shares changed hands on the counter till 10:30AM (IST).

The Nifty Realty index was trading 0.2 per cent up at 467.55.

“PSUs in India are just about to break out and once the PSU index crosses about 10,500-11,000, we would have got a 40-50% upside in PSUs. So, broadly the market remains range bound with an upward bias but PSUs should lead. The earnings momentum is going to be very strong but pockets of safety in the public sector are very attractive. While rates are climbing, I would prefer value.”

“The defence opportunity has arrived and we are only at the beginning of this big journey. In the case of FMCG, because these are so expensive, there is no room for error and which is why it is likely that this space will consolidate for some time before the changes are absorbed and the price reaction can be positive thereafter."

Tata Consultancy Services Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1365356.85 Crore) operating in IT Software sector.

Centrum Broking sees profit for Hero MotoCorp falling 15.6 per cent to Rs 729.60 crore on a 11.3 per cent drop in sales at Rs 7,704 crore. It sees Ebitda margin at 12.9 per cent. The sequential rise in margin would be led by product mix, it said.

The euro was pinned to a five-week low on Wednesday and commodity currencies found support as prospects for peace in Ukraine darkened, while traders were bracing for volatility in the New Zealand dollar ahead of an expected rate hike.

GLOBAL-Oil opens higher as OPEC warns of tight supply and Russian sanctions loom