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Promoters held 50.05 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 11.96 per cent and 8.22 per cent, respectively.

​So part of that got recovered after this Accenture result which was a slightly positive surprise in terms of the revenue as well as margin. Also order book was also reasonably strong for Accenture that led to regaining some confidence in investors for the IT space which helped outperforming IT index.

Clean has been generating ample free cash flow, which gives it the wherewithal for inorganic acquisitions to support earnings growth.

A total of 73 shares changed hands on the counter till time (IST).

Meanwhile, Chicago Fed President Austan Goolsbee said the Fed should be patient about raising rates in the face of recent banking stress and a pullback in bank lending would help quell inflation and leave less for monetary policy to do.

Recent inflation readings "show that disinflation is proceeding slowly - which is disappointing, to say the least," Harker said. The Fed targets 2% inflation which, by its preferred measure, is still running at about 5%.

Stocks that were in focus include names like TCS which was down more than 1% ahead of its results on Wednesday, ITC which rose nearly 2% to hit a fresh 52-week high, and Bajaj Auto which also closed with gains of over 2% on Tuesday.

Data of the last 10 years shows TCS has recorded a positive monthly return post Q4 earnings 50% of the time. Returns have varied from 1.8% to 21.3% during the positive months and -1.2% to -8.9% during the negative months.

The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

The post-covid world is normalising and the distortions also are getting normalised. We see reversals of most headwinds viz inflation, outflows, and interest rates in the next 18 months - which, by themselves, will be key catalysts.