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Indian markets experienced a sharp selloff with 769 stocks down more than 4.5% on Monday due to escalating geopolitical tensions in the Middle East. This turmoil prompted a wave of selling activity, with investors shedding their equity holdings.
On Wednesday, 1225 stocks advanced, 2462 declined and 108 remained unchanged, with an advance decline ratio of 0.49 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets.
Tech Mahindra (America) Inc, a wholly owned subsidiary of Tech Mahindra Limited, currently holds 30 percent share capital of Avion Networks Inc.