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The reports capped what has been a positive earnings season for most big US tech firms from Google-owner Alphabet to Meta, thanks to a pick-up in the digital ad market and improving demand for cloud services after a nearly year-long slump.

Insurance companies feared they would breach investment limits prescribed for the financial sector after the merger if bonds of HDFC were classified under that segment.

​​The revenue from operations stood at Rs 846.63 crore up 20% year-on-year (YoY) from Rs 704.72 crore in the April-June quarter of FY23.

"I am still looking at Paytm as the mover for the market. I think that should be looked at. I would like it to be a little cheaper. It has come down a little bit from Rs 800 plus. In the mid 700s, it was probably a good play. As I said, I am in and out and so I am taking it as a trading stock as well."

Alembic Pharma has reported a Q1 net profit of INR 121 crore, up from a net loss of INR 66 crore YoY, led by increased sales growth across its segments. The Indian branded business recorded a 9% YoY growth to INR 524 crore, while US generics saw 6% YoY growth to INR 354 crore.

The contract research and manufacturing serivces (CDMO) revenues rose 17% YoY to Rs 898 crore led by order inflow momentum and strong execution in Q1FY24.

"Large parts of what we would see around us is going to go green. For example, ten years back, solar power was seen as something that we need to do because we need to go clean. But today, that is the cheapest form of power so that is the only way to go. So perforce, we are going to have larger and greener projects and we will have larger amounts of funding going for these projects."

Consolidated revenue from operations increased 10.5% YoY to Rs 1,929 crore. Express parcel shipment volumes grew 19% YoY to 182 million in the quarter. Volumes grew by over 2 million shipments from the March quarter eventhough the June quarter is traditionally a seasonally weak period for the sector

The hourly momentum indicator has also reached the equilibrium line indicating that the pullback has matured and can begin a new cycle on the downside, said Nagaraj Shetti of HDFC Securities.

On the technical charts, the RSI of the stock stood at 44.53.