The surge in stainless steel comes after nickel prices spiked 90% to an all-time high in the previous session and extended gains on Tuesday. Russia supplies around 10% nickel to the world.

"The heightened volatility in the market continues. Even though the market is now oversold, sentiments are negative. The positive development from the market perspective is the exit poll projection of BJP doing well in UP. Declining bond yields in the US and the possibility of lower-than-feared rate hikes by the Fed are reliefs from the market perspective," said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Oil, metal and other commodities prices have soared as fighting in Ukraine has intensified, adding to concerns there is no end in sight to inflation.

The capital markets regulator directed Dish TV India to immediately disclose the results of its AGM held on December 30, 2021, to the exchanges after the complaints from its shareholders.

"Both the Nikkei and Topix have fallen to a level where investors see little downside risks. So, investors scooped up beaten-down stocks. But it is still hard to tell when the market will start making a rebound."

On the technical charts, the RSI of the stock stood at 36.26.

A total of 36,191 shares changed hands on the counter till 10:46AM (IST).

Zee Entertainment Enterprises Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 22730.60 Crore) operating in Media & Entertainment sector.

The stock quoted a 52-week high price of Rs 1063.75 and low of Rs 584.2.

With services exports likely to cross $250 billion, he said will be possibly for the first time that close to 25% of the nation’s gross domestic product (GDP) would come from overall exports.