Additional Sessions Judge (ASJ) Gaurav Rao adjourned the matter for hearing on June 17 after Chadha's leading senior counsel failed to appear before it citing personal reasons.

BSE S&P Sensex ended 289 points lower at 39,452 while the Nifty 50 shed 91 points to settle at 11,823. At the National Stock Exchange (NSE), all sectoral indices were in the negative zone.

Except for IT and metal, all sectoral indices at the National Stock Exchange (NSE) traded lower. The losses were more pronounced in energy, FMCG, pharma and private banks.

The Delhi Police had registered cases of cheating against Monty Chadha and several other family members and employees in 2018. Additional Commissioner of Police (EOW) Suvashish Chaudhary said that Chadha would be produced before a magistrate on Thursday.

Food prices, which is a gauge to measure changes in kitchen budgets, grew 1.83 per cent in May as compared to 1.1 per cent in April.

Equity benchmark indices traded lower during early hours on Wednesday tracking muted global cues ahead of the release of key macroeconomic data on industrial growth and inflation.

Among stocks, home finance lender DHFL jumped over 5 per cent after the company paid investors and depositors part of repayments due after missing the deadline last week.

The IMF survey of nearly one million companies from 27 advanced and emerging market economies since the early 2000s shows that firms' average price markup -- the ratio of a company's product price to its production cost -- has increased moderately.

At 10:15 am, the BSE S&P Sensex was up 85 points at 39,614 while the Nifty 50 gained 31 points to 11,875. Except IT, metal and realty, all sectoral indices at the National Stock Exchange were in the negative zone.