Indian Bank, Infosys among 5 stocks in spotlight on Wednesday as rupee's record slide weighs on markets

Indian Bank shares declined 5.5% to Rs 47.45, while PSU bank stocks fell up to 4.3% after the government clarified it is not considering raising the FDI limit in public sector banks to 49%. Auto stocks also faced selling pressure, with the Nifty auto index declining 1.2%. IT stocks like Infosys surged up to 1.6% as the rupee's dramatic slide triggered renewed buying interest in export-heavy IT names. DOMS Industries gained 4.34% on Wednesday after Antique initiated coverage with a buy rating.