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IIFL Securities, LKP Securities, HDFC Securities and ICICI Securities have seen steep declines in their profits from a year earlier. Kotak Securities, Axis Securities and Motilal Oswal have witnessed a smaller decline. Only two firms - Angel One and 5Paisa Capital - which are into discount broking, have reported higher profits.

“Biggest concern affecting markets in the new Samvat will continue to be around inflation as global central banks remain committed to curbing it aggressively,” said Vivek Goel, co-founder and joint managing director at Tailwind Financial Services.

“Our top three picks continue to be the same as last year because one holds on to stocks for multi-year cycles unless one genuinely believes that either the external environment is completely changed or the hypothesis has turned on its head which has not happened, frankly.”

The deal was executed at an average traded price of Rs 232.30 per share, at a marginal discount compared to the previous day’s closing price of Rs 233.85

There were other bulk deals in the counter by Bonanza Commodity Brokers, and in another transaction as many as 2,100,000 equity shares of Punjab Alkalies were sold by Paramone Concepts at an average traded price of Rs 79.18/share.

"The COMEX Gold prices traded lower following risk-off sentiments. Domestic gold prices, taking cues from weak global prices, traded lower," Dilip Parmar, Research Analyst at HDFC Securities, said.

The broad-based S&P 500 gained 0.7 percent to 3,823.71, while the tech-rich Nasdaq Composite Index jumped 1.3 percent to 11,096.01.

The retail bonds – likely to be for three- to five-years tenure – may bear interest rates between 8.75% and 9.5%, market sources said

The beverage giant raised its revenue expectations for the second time this year. Coke said Tuesday that it now expects organic revenue growth of 14% to 15%, up from the 12% to 13% it predicted at the end of the second quarter.Revenue rose 10% to $11.1 billion in the July-September period. That was ahead of the $10.5 billion Wall Street forecast, according to analysts polled by FactSet.

Incorporated in 2016, Utkarsh commenced operations in 2017 and its product suite includes a range of deposit products, including saving accounts, salary accounts, current accounts, recurring and fixed deposits and locker facilities.