The stock has been losing for the last 3 days and has fallen 11.59% in the period. The large cap stock opened at a loss of 2.65% at 200.55 on BSE. The stock is trading below its 50-day and 200-day moving average of 213.78 and 316.58.

Prime Minister Narendra Modi may have shown commitment to quickly conclude the discussion around Regional Comprehensive Economic Partnership, or RCEP, but this partnership agreement can derail his yet to take off Make in India programme.

The uneasy truce is likely to see the RBI ease up on some lending restrictions to help the government stimulate the economy, said the sources.