At 10:32 a.m. (1:02 a.m. EDT), the firm's shares were trading 0.6 percent down at 676 rupees, after opening 1.5 percent up at 690 rupees.
NEW DELHI (Reuters) - Shares in Indian vehicle maker Tata Motors <TAMO.BO> reversed early gains in Wednesday morning trade in a choppy market, ahead of an expected deal to buy Ford Motor's <F.N> premium Jaguar and Land Rover brands.
At 10:32 a.m. (1:02 a.m. EDT), the firm's shares were trading 0.6 percent down at 676 rupees, after opening 1.5 percent up at 690 rupees.
The main stock index <.BSESN> was trading down 0.05 percent, or 8.86 points, at 16,208.63. The index had opened 0.32 percent higher and rose as much as 0.57 percent in early deals before falling up to 0.52 percent.
A source said on Tuesday Ford <F.N> had agreed to sell its Jaguar and Land Rover brands to the Indian firm for more than $2 billion, while another source said the U.S. automaker plans to publicly announce the deal in New York at 8 a.m. EDT on Wednesday.
!ADVERTISEMENT!(Reporting by Devidutta Tripathy, Editing by Mark Williams)
