The initial public offer of textbook publisher S Chand and Company was subscribed 52 percent on the first day of bidding Wednesday.
Lupin fell nearly 2 percent in the opening on USFDA observations for Goa plant but recovered immediately.
Adani Ports rebounded 1.5 percent after losing 2 percent in the previous session.
Tata Motors gained momentum further, up over a percent ahead of April sales data due next week.
Axis Bank was down 2.47%. The bank's net profit dropped 43.13% to Rs 1225.10 crore on 4.33% rise in total income to Rs 14181.31 crore in Q4 March 2017 over Q4 March 2016.
Tata Sponge: Tata Sponge on Wednesday reported a 62 per cent rise in consolidated profit to Rs 21.20 crore for the quarter ended March 31, 2017.
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