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Pharma and information technology shares tumbled due to stronger rupee which rose 50 paise to 72.17 against the US dollar (intra-session) in late afternoon trade.
The stocks worth at least 30 billion rupees are part of what India calls 'enemy properties' that once belonged to people who went to Pakistan and China.
Under the Act, the government is the custodian of the moveable and immovable properties left behind by the people who left India before or after Partition.
Shares of Maruti Suzuki India jumped 6.37 per cent to close at Rs 7,136.80 on the BSE.
As per Section 281 of the Act, auction or transfer of assets involved in any case being handled by the department requires an assessee to obtain permission from the assessing officer.
The tech sector posted the worst performance after Swiss-listed chipmaker AMS plunged 25 per cent as its outlook triggered alarm bells, but there was a broader force at play.
The benchmark Sensex closed down 0.84 per cent at 33,847.23, its lowest close since April 9.
Total income for the quarter grew by 21.2 per cent to Rs 28,215.2 crore as against Rs 23,276.2 crore, the bank said in a regulatory filing.
Securities lending and borrowing allows short sellers to borrow securities for making deliveries.
Reliance Industries Wednesday reported its highest ever quarterly net profit of Rs 9,516 crore in July-September as record earnings from petrochemical business.
On the NSE, shares of the company fell by 3 per cent to close at Rs 2,807.55.
The news comes weeks after Tesla and Musk agreed to pay USD 20 million each as fine as part of a settlement with the US Securities and Exchange Commission.
Netflix said it gained almost seven million new users worldwide, to bring its total membership to more than 137 million.
The results were announced after market hours Tuesday.
Investors and analysts said UB shares were hit by fears that the CCI raids could result in penalties and potentially dent profits in future.