The rupee opened weaker for the second straight day after giving up all its gains to end lower on Wednesday.

The currency opened at 75.63 against the U.S. Dollar as compared to Wednesday's close of 75.47. Wednesday's losses meant the currency snapped a three-day losing streak.

Kotak securities believes that RBI intervention has been seen around levels of 75 and that may stall the appreciation in the rupee.

In the bond markets Bank of America believes that the Reserve Bank of India would make bond purchases worth $88.5 billion, while several other economists believe that the central bank could end up buying government debt directly.

4 crore shares of the life insurance company exchanged hands in a single large trade on the National Stock Exchange, according to Bloomberg data. The deal took place in the pre-market block window.

Bloomberg News had reported on Wednesday that Standard Life Insurance was offering 4 crore shares for sale in a block trade between Rs 490 - Rs 501 per share. The price range implied a discount of 0-2.3% from Wednesday's closing price

Shares are off the highest point of the day, after gaining as much as 6.85% to Rs 535.70.

Aceso Company along with Aceso Investment Holdings, CVC Capital Partners Asia along with their associates have announced an open offer for the company.

The open offer involves acquisition of 32.61 crore fully paid-up equity shares of face value of Rs 10 from the public shareholders of the company. The acquisition will be done at a price of Rs 130 per share for a total consideration of Rs 423.97 crore.

JM Financial has been appointed as the manager for the open offer, the company said.

Shares are off the day's high after gaining as much as 6.75% to Rs 121.70.

12 lakh shares of the wheel manufacturer and distributor, amounting to 4.98% of its total equity, exchanged hands in a single large trade on the National Stock Exchange.

Sundaram Finance has acquired the stake from Titan U.K. Europe through an inter-se transfer.

Post this acquisition, Sundaram Finance's stake in Wheels India rises to 18.57% from 13.58% earlier.

Shares of Wheels India gained as much as 12.7% to Rs 485.4, while those of Sundaram Finance traded little changed at Rs 1,215.3.

The company informed the exchanges that the oral solid manufacturing facility of AuroLife Pharma in New Jersey was inspected by the U.S. FDA from January 13 to February 12, 2020.

The regulator has issued a form 483 with 9 observations with the inspection being classified as 'Official Action Initiated' (OAI).

Exclusive sales from this facility is around 2% of the group turnover, the company said.

The company also reported its fourth quarter earnings on Wednesday where a deferred tax reversal of Rs 101 crore aided the 45% growth in net profit.

API sales for the company fell 17.6% while formulations sale rose 23.5% compared to last year.

Shares gained as much as 3.94% to Rs 780 and are up for the third straight day.