The decision of the Organization of the Petroleum Exporting Countries (OPEC) to announce an oil production cut also hurt the rupee as importers rushed to lock in purchases of the dollar-denominated commodity.
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.
Kalyan Jewellers shares surged 10% after the company reported a 64% year-on-year jump in Q2 FY27 net profit to Rs 427 crore, aided by a
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