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The NSE Nifty climbed 0.9% or 205 points, to close at 23,163. The BSE Sensex gained 0.8%, or 631 points, to 76,532. Upsides in the broader market were stronger with the Midcap 150 index and the Smallcap 250 index surging 2.4% and 3.2%, respectively - the largest single-day gains in seven months.

The company also unveiled an AI-driven business transformation plan FINAI for FY25-FY29, looking to double its customer base to 200 million and expand credit market share by FY29.

ITC Hotels made a high of ₹189, before declining 5% to end at its lowest tradeable limit of the day at ₹178.6. The company had a market capitalisation of ₹37,169.71 crore at close on Wednesday. Its parent ITC closed 0.43% lower at ₹433.4.

Sebi will auction 26 properties of HBN Dairies & Allied Ltd in February for a reserve price of Rs 83 crore. This effort aims to recover money from illicit collective investment schemes. Properties, including plots and commercial shops in various states, will be auctioned online. Bidders are advised to make independent inquiries before submitting bids.

Private sector Tamilnad Mercantile Bank reported a 6% rise in third quarter net profit at Rs 300 crore against Rs 284 crore in the year ago quarter.

Despite market volatility, mutual funds saw record Rs 25,000 crore inflows in Q3. Expanding investor base, especially in Motilal Oswal’s funds, fuels growth. Raamdeo forecasts 20-30% annual industry growth.

Business services provider Quess Corp on Wednesday reported Rs 5519 crore in revenues for the quarter ended December (Q3FY25), recording a 14% year-on-year (YoY) and 7% sequential growth.

Brigade Group Q3 Results: Brigade Group reported a 3x increase in net profit to Rs 236 crore in Q3 FY25, driven by strong sales, leasing growth, and premium project launches, with revenue up 27% to Rs 1,530 crore.

Indian markets closed higher for the second straight session, with Sensex gaining 631 points and Nifty rising 205 points. Auto, IT, and pharma stocks led the rally, while analysts see 23,000 as key support and 23,200 as resistance.

State-owned Indian Bank has reported a 35% year-on-year rise in third quarter net profit at Rs 2852 crore, as against Rs 2119 crore in the year ago period, on account of higher earnings and lower provisions.