The S&P BSE Sensex, which, touched a high of 61,266, was down 50-odd points below the 60,900-level. The NSE Nifty had dipped below the 18,100 level.
Axis Bank and PowerGrid were the top Sensex losers, down over 2 per cent each, followed by Kotak Bank, Bharti Airtel, Larsen & Toubro and Sun Pharma.
On the other hand, Tata Motors and Maruti were the top gainers, up over 2 per cent each. IT shares and HDFC twins also held notable gains.
In the broader markets, the BSE Midcap and Smallcap indices declined up to 0.4 per cent each.
Individually, Zensar Technologies surged 5 per cent after the company posted net profit of Rs. 76.5 crores for the period ended December 31, 2022 as against net profit of Rs. 56.8 crores for the period ended September 30, 2022. The company’s revenue, however dipped marginally to Rs 1,223.5 crore.
Those of Tata Communications, on the flipside, declined over 3 per cent as the company’s net slipped 7.3 per cent to Rs 208.95 crore in Q3FY23 from Rs 225.51 crore in Q3FY22. Total income, however, was up 12.5 per cent YoY at Rs 1,918.86 crore.
Among sectoral indices, the Nifty IT and PSU Bank indices (up 0.5 per cent each) were the star performers, followed by Nifty Bank index (up 0.4 per cent). On the downside, the Nifty Realty index fell 0.2 per cent.
Q3 earnings today
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