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A Reuters poll had expected an 8.8% rise. While a 75 basis points interest rate hike by the Fed this month was more or less priced in, the data drove expectations of a bigger hike.The pan-European STOXX 600 index fell up to 1.9% to session lows. It was down around 0.7% before the data. Wall Street futures turned negative.

“Domestics are not letting the markets go down drastically. FIIs are not letting it go up phenomenally. It’s a Tug of war between FIIs and Domestics. The earnings growth will actually decide the direction of the market. I am optimistic about earnings growth,” Agrawal tweeted.

Revenue for the quarter rose 36.2 per cent YoY to Rs 3,121.10 crore compared with Rs 2,291.70 crore in the corresponding quarter last year.

“My sense is these guys have very high gross margins of around 75% and EBITDA margins of 40%. One just needs to have a handle on growth and going into the near future and even the distant future, a lot of terminal value is still sitting because 75% of the market is unbranded.”

Twitter Inc has appealed to a Delaware court to order Musk to complete the merger at a value of agreed $54.20 per Twitter share.Shares of Twitter, meanwhile, have seen a sharp decline of more than 50 per cent in the last one year. The scrip settled just a tad above $34 on Tuesday.

On the domestic equity front, the 30-share Sensex was trading 206.14 points or 0.38 per cent higher at 54,092.75, while the broader NSE Nifty rose 61.65 points or 0.38 per cent to 16,119.95.

In a BSE filing, the bank said the Directorate of Enforcement, Chennai Zonal Office (ED), has been investigating a few entities inter alia for certain alleged irregularities in remittances for import transactions conducted during the year 2011 to 2014.

Strong domestic macro numbers and a fall in crude prices lifted Indian indices to open in positive territory while the gains were restrained by Europe’s negative market trend, said Vinod Nair, Head of Research at Geojit Financial Services.

“It seems there will be no demand destruction, rather the trajectory as far as the Indian economy growth is concerned should continue and with this kind of raw material prices, companies should be able to maintain their profitability. We believe 18% to 20% compounded growth over the next two to three years is a high probability.”

In the previous trade, the precious metal closed at Rs 50,572 per 10 grams.Silver prices rose by Rs 161 to Rs 56,179 per kg from Rs 56,018 per kg in the previous trade.