On the technical charts, the 200-day moving average of the stock stood at Rs 1960.85.

Gold futures are down 0.72 per cent at Rs 46,337 and silver futures are down to Rs 60,670, slipping 0.83 per cent on Thursday. But this may just be the beginning, say analysts, who project gold hitting as low as Rs 44,200 level soon.

In case of Reliance Industries, the median target of 31 analysts was at Rs 2,272.10, which suggests 8 per cent potential downside. This stock hit its 52-week high of Rs 2,496.95 today. RIL has risen 25 per cent year-to-date and 11.50 per cent in the last one year.

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The profit after tax has dropped by more than one-tenth in the last four years.

Hong Kong rose more than one percent, with Evergrande surging about 30 percent briefly before easing back slightly -- though its shares are still down more than 80 percent this year. There were also gains for other property developers as well as banks that have exposure to the firm.

The blue-chip FTSE 100 gained 0.3% with Glencore , Rio Tinto, BP and Royal Dutch Shell among the top boosts.

A total of 358,477 shares changed hands on the counter till 01:33PM (IST)

The S&P/ASX 200 index rose 1% to close at 7,370.2, with all the sectors in black. The benchmark climbed 0.32% on Wednesday.

The Relative Strength Index of the stock stood at 41.35 on Thursday.