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US stocks: The tech-heavy Nasdaq led losses among the major Wall Street indexes at the open on Wednesday, following downbeat forecasts from Alphabet and AMD in a busy day for corporate earnings.

Tech view: Rupak De of LKP Securities noted that the Nifty could move towards 24,050 in the near term, with support at 23,500, where maximum put writing is visible. Open interest (OI) data shows the highest OI on the call side at 23,800 and 23,750 strike prices, while the highest OI on the put side is at 23,500, followed by 23,600.

EPS share: Earnings pressure intensified for Nifty 50 in January 2025, with 72% of companies facing downward EPS revisions. The index saw its longest losing streak in 23 years, declining 9% since September, amid weak corporate earnings, foreign outflows, and economic concerns.

Welspun Corp Ltd on Wednesday reported an over two-fold rise in its consolidated net profit to Rs 672.19 crore in December quarter, aided by lower expenses. It had reported a net profit of Rs 293.70 crore for the October-December period of preceding 2023-24 fiscal, the company said in an exchange filing.

A 52-week high is a key metric for traders and investors, indicating a stock s peak value over the past year. It helps assess the stock s market position and provides insights into its future growth potential.

NSE Clearing Ltd, the clearing house of the National Stock Exchange (NSE), has failed to meet the capital markets regulator Sebi s mandated liquidity requirements, citing the non-payment of dues by rival BSE as the primary reason for the shortfall.

Zydus Lifesciences Q3 Earnings: Zydus Lifesciences reported a 30% YoY rise in Q3FY25 net profit to ₹1,023.5 crore, driven by strong US growth. Revenue increased 17% YoY, while EBITDA rose 26%. The company launched new products and expanded its presence in key markets.

Sectoral gains were seen in power, energy, metal, and oil & gas, while auto, FMCG, consumer durables, and realty faced selling pressure.

Uber Technologies forecast current-quarter bookings below Wall Street estimates on Wednesday, joining a slew of U.S. companies in warning that a strong dollar could hurt the first three months of 2025, sending its shares down about 3% in premarket trading.

Jockey: Page Industries announced a 34.3% year-on-year rise in net profit for Q3FY25, reaching Rs 204.7 crore, driven by improved operating margins. The company s revenue grew 7.1% YoY to Rs 1,313 crore, while EBITDA surged 33.6% YoY to Rs 302 crore during the same period. Strong financial performance highlights its continued growth and operational efficiency.