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Coastal Corporation continued to hit the upper circuit, along with Ruby Mills and GMDC. Paytm found some buyers at the lower levels. Among the losers, Motherson Sumi gained buzz ahead of demerger plans. Tata Teleservices and Sintex hit lower circuits of 5 per cent each.

At the interbank foreign exchange market, the local currency witnessed an intra-day high of 74.05 and a low of 74.21 against the US dollar.

CSK started to trade at Rs 12 in the pre-IPO markets in November 2018, since its demerger with India Cements. The scrip zoomed 1,500 per cent to Rs 180 in January 2022. It has delivered a return of 165 per cent in the last year.

Nifty50 witnessed a buying interest at low as it entered into the bullish gap zone of 18,128-18081 level, giving legitimacy to the zone as critical short-term support, said Mazhar Mohammad at Chartviewindia.in.

The Nifty Auto index closed 0.37 per cent down at 11643.05.

The 30-share pack Sensex fell 12.27 points or 0.02 per cent to close at 61,223.03. The index gyrated in a range of 570 points. Its broader peer NSE Nifty dropped 2.05 points or 0.01 per cent to 18,255.75.

The Nifty Bank index closed 0.26 per cent down at 38370.4.

"From an overall TCV standpoint, we have YTD $1.2 billion, which is 21% up from last year, YoY. We are fairly comfortable and the pipeline that we have is fairly robust. We are very confident of the deals that will flow through in the coming quarters."

“One must be selective, but we are pretty much confident about these domestic investment recovery-related sectors to show very good earnings.”

Struggling with $300 billion in liabilities, including $19 billion in international bonds deemed to be in cross-default after missing a payment deadline last month, Evergrande is working to avoid a technical default onshore that would complicate its politically sensitive restructuring.