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Profit for the quarter ended Sept. 30 was $9.74 billion, or $3.12 per share, compared with $11.69 billion, or $3.74 per share, a year earlier, the bank said.

Nifty is currently placed near the strong weekly support of around 16,800 levels, which is an intermediate ascending trend line and also horizontal line support as per change in polarity, analysts said.

The punitive regulatory action came after Sebi observed the credit rating agency failed to follow the proper rating process and exercise due diligence while providing ratings.

The Dow Jones Industrial Average rose 153.5 points, or 0.51%, at the open to 30192.21.

The outlook for deals has steadily worsened this year as the U.S. Federal Reserve raised interest rates to tame inflation, clouding the economic growth outlook, while the highs of a record last year drew tough comparisons.

Earlier, the exchange had issued similar advisories after information surfaced that entities like Real Trader and Groww Stock operating through telegram channel and WhatsApp were offering investment plans with guaranteed returns. Also, Shares Bazaar Private Limited was offering investment plans with assured returns.

“Bajaj Auto’s operational efficiencies have kicked in and that is why they have been able to deliver this kind of number, not to forget that segment wise, in terms of two- wheelers and three-wheelers, they have definitely done well on the operational efficiency side and, of course, the employee or the labour costs being steady also added to the net profitability number.”

NFTs are popular online commodities. Once they are bought and traded over time, there is the possibility for recurring income. NFT valuations are critical and skyrocket due to fanaticism, royalty economics, and scarcity rules.

Brent crude futures were down 76 cents, or 0.8%, at $93.81 a barrel at 1044 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 85 cents, or 1%, to $88.26.The Brent and WTI contracts both oscillated between positive and negative territory on Friday but were down more than 4%over the week after two weeks of gains on concern over the global economy.

At 9.17 am, the BSE Sensex was trading 1,032 points or 1.80 per cent higher at 58,267. Nifty50 was trading at 17,311, up 297 points or 1.75 per cent.