Tata Steel, one of the leading steel makers in the world, witnessed a rise in share price on Wednesday after trade unions decided to suspend industrial action at the steelmaker's UK plants.

Shares of the company are trading at Rs 300.50, up Rs 6.05, or 2.05% at the Bombay Stock Exchange (BSE) on Wednesday at 10:11 a.m.

The scrip has touched an intra-day high of Rs 304.80 and low of Rs 299.25. The total volume of shares traded at the BSE is 274,762.