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The Nifty Bank index closed 0.42 per cent up at 44409.5.

Slightly lower crude oil prices - falling on the hopes that the U.S. would ease sanctions on Venezuela - aided the local currency earlier in the spot trading session.

The offer price is at a 12% discount to the current market price. Under the OFS, the government will offload 7 crore equity shares, representing about 3.5% of equity with an oversubscription option of another 3.5%.

The offer is being made through the book-building process, wherein 50% will be available for allocation on a proportionate basis to qualified institutional buyers, 15% for non-institutional bidders, and 35% for retail investors.

Net premium income of ICICI Pru Life in the September quarter increased 5% to Rs 10,022 crore, as against Rs 9581 crore in the same quarter of last year. The Value of New Business (VNB) stood at Rs 1,015 crore with a VNB margin of 28.8% for the first half of the current fiscal. The total annualised premium equivalent (APE) for the company stood at Rs 3,523 crore, with minimal concentration risk from any single distribution channel

​Indian frontline indices ended with gains on Tuesday, breaking their three-session losing streak led by buying action in bank & financial and FMCG stocks.​

The U.S. economy has shown resilience despite rising interest rates as a hot job market and healthy finances prompt consumers to spend on goods, travel and other activities, keeping most businesses including banks in strong shape.

The short-term trend remains strong as the index sustains above critical moving averages on the daily timeframe. A "buy on dips" strategy is favored as long as it remains above 19,550. On the higher end, it might move towards 20,000-20,200.

The Wall Street giant reported net profit of $2.06 billion, or $5.47 per share, for the three months ended Sept. 30, it said on Tuesday. That was lower than $3.07 billion, or $8.25 per share, a year ago.

Adjusting for inflation, however, Goldman Sachs expects earnings in Europe to fall 2% this year. Cost of debt due to rising bond yields also poses a threat to profits, it said.