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Revenue from operations jumped 19% year-on-year (YoY) to Rs 3,804 crore, which too was higher than the Poll estimate, which saw the figure around Rs 3,718 crore​

Shares of Hindalco Industries, the Indian multinational aluminium and copper producer, experienced their sharpest drop in almost two months due to weak performance in its US subsidiary, Novelis. This is expected to impact its consolidated earnings by the 2023-24 financial year. Despite analysts reducing earnings estimates by 3-5% to account for the headwinds, the shares have been hailed as a good long-term investment due to its strong position in the automotive and beverage can markets, and majority of operating profit not being linked to LME prices.

Its net interest margin, a key profitability ratio, was 9.5% for FY23 while the guidance for FY24 is to have the ratio lower at 9% as the bank is bringing down the share of more remunerative microfinance books in the total portfolio. "We look to grow the secured books with the share of microfinance likely to come down to 68% by March 2024 from 71% now," Davis told ET.

The Dow Jones Industrial Average fell 147.44 points, or 0.44%, at the open to 33,383.89.

Tata Motors is expected to report a net profit of between ₹3,100-3,204 crore for Q4 2022, an average estimate by five brokerages shows. Revenue from operations is expected to increase by up to 34% to ₹1.06 lakh crore. Tata Motors has reported volume growth of 3% during Q4, led by the passenger vehicles segment. JLR volumes rose 24% in the same period as chip supply and traction toward new models continued. Nomura expects EBITDA margins to improve 213bps YoY and 255bps QoQ to 13.4%.

The Nifty Realty index was trading 0.75 per cent up at 455.75.

The Nifty formed a bearish candle and closed nearly flat, and needs to hold above 18,250 zones to move upwards towards 18,400 and 18,442 zones; support is placed at 18,181 and 18,081 marks. India VIX rose by 1.03%, and volatility has been increasing for the last four sessions. Analysts suggested that Nifty is expected to consolidate in a broader trading range between 17,900 and 18,500 zones and trade in an immediate range of 18,150-18,450 zones

Asian currencies were also mostly weaker through the day.If the support at 81.85 for USD/INR holds, another upswing is possible, which may not be directional, until the resistance at 82.2 is broken, said Anand James, chief market strategist at Geojit Financial Services

In the international market, both gold and silver were trading lower at USD 2,026 per ounce and USD 25.10 per ounce, respectively.Gold prices edged lower in Asian trading hours on Thursday as volatility in yellow metal expanded post US inflation data, Gandhi said.

​I think Alto K-10 still makes a very good buy if you are talking about the first entry segment car. And then we have brought two, three more options from Maruti only; one is obviously Celerio and one is Ignis.