Shares of Reliance Capital were down as Sumitomo Mitsui Trust Bank has sold stake in the company.
The stock fell as much as 2.9 per cent, its biggest intraday percentage loss since May 30.
Japan's Sumitomo Mitsui Trust Bank has sold its remaining 2.8 per cent stake in Reliance Capital in a block trade for Rs 450 crore ($69.95 million), according to an IFR report.
The bank has sold 7 million shares at Rs 650.25, a 3 per cent discount to Reliance Capital's shares closing price on Tuesday, says IFR.
Up to Tuesday's close, the stock had gained more than half its value this year.