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Das said that in his recent conversations with leading banks, both public sector and private, he had been given feedback that the demand for credit would see an increase from the next year.

“Over the next few years, consumers will consume more beauty and fashion and all lifestyle segments that we cater to. Many of them are choosing to buy it online through Nykaa’s omni channel. ”

The Nifty Realty index was trading 1.44 per cent down at 548.15.

The Nifty50 index ended 0.2 per cent lower at 18,017.2 points, while the BSE-Sensex closed at 60,352.8 points, down 0.1 per cent.

“We have been able to pass on higher input gas costs to the customer in a staggered manner and not in one go.”

Policybazaar IPO received bids for 57,23,84,100 shares against 3,45,12,186 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) was subscribed 24.89 times and that of non-institutional investors 7.82 times and Retail Individual Investors (RIIs) 3.31 times.

The offshore fund segment witnessed net inflows, after 13 consecutive quarters of net outflows. The category garnered net assets worth USD 13.6 million in the September 2021 quarter, which was in contrast to the net outflows of USD 1.7 billion recorded in the previous quarter.

“We expect a much greater impact of this transformation and the transition to being a platform play will be visible from Q4 of this year onwards.”

The Nifty Auto index closed 0.53 per cent up at 11829.15.

Despite the debt woes of Evergrande, its electric vehicles (EV) unit is pushing ahead with its business plan. The unit is seeking Chinese regulatory approval to sell its inaugural Hengchi 5 sport-utility vehicles.