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The Nifty IT index closed 0.59 per cent down at 27719.95.

"Spot gold prices in the Delhi markets traded at Rs 62,040 per 10 grams, down Rs 160 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

For FY23, the company reported a 52.3% YoY rise in consolidated net profit to Rs 2,322 crore. Revenue from operations increased 15.3% YoY to Rs 16,300.55 crore.

NRIs living in 10 countries can now access UPI using their international mobile numbers for their NRE or NRO bank accounts. This means non-resident Indians will no longer require an Indian phone number to access UPI. PayNearby co-founder Yashwant Lodha said the move is a “game changer” and will allow a “seamless, beautiful experience”. However, an international phone number must be linked to the account to ensure high safety in the linking process with no additional charges to users.

The company reported its earnings after markets closed. The stock ended 0.7% down at Rs 493.60 on the National Stock Exchange.

SIS, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 5668.88 Crore) operating in Services sector.

The Nifty 50 closed 1.02% lower at 18,069.00, while the S&P BSE Sensex lost 1.13% to 61,054.29. Financials led the slide in the Nifty, falling 2.34% in the worst single-day drop in over three months.

"Out-of-home consumption may be a little impacted in food but with our entry into drinks and getting into higher total addressable markets, food should also be good. I am expecting overall volume growth to be mid to high single digit and value growth to be high single to a low double digit kind of growth for the full year and also in the first half. "

Improving cash flows, focus on achieving double-digit volume growth, and attractive valuations make it a good mid-cap pick in the consumer goods space.

With a strong outlook for the cement industry and the company’s effort to enhance operational efficiencies, UltraTech is poised for continued growth and profitability.