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“We have added a couple of new generation businesses on the ecommerce side. We have also added a couple of stocks on the IT product side and on the entertainment side.”

The dip in PAT in December quarter is due to higher investments in marketing initiative to support growth in current year and one-time reversal in the base period

Polygon launched a $200 million initiative with Alexis Ohanian’s Seven Seven Six, to back projects at the intersection of social media and Web3.

The company also announced a second interim dividend for the current fiscal at Rs 5.5 per share

The Nifty Pharma index closed 0.93 per cent up at 13570.3.

On an immediate basis, 17,200-17,300 is likely to provide strong support. The levels of 17,600-17,650 could be seen as the primary hurdle, followed by the recent swing high of the 17,800 zone

The stock debuted at a discount on Tuesday but soon reversed as investors saw value in the company’s business. Most analysts were also positive about the firm ahead of the IPO and had given ‘subscribe’ ratings

“We expect Q1 to be a record quarter and though the dollar rates are expected to increase in the later part of the year, the overall yield curves continue to be attractive. We will see debt capital market (DCM) issuance to continue from sectors, which have high capex intensity, like renewables, infrastructure, commodity etc,” Murugaiyan said in an interview to ETMarkets.com.

The 30-share pack Sensex advanced 657.39 points or 1.14 per cent to close at 58,465.97. Its broader peer NSE Nifty rose 197.05 points or 1.14 per cent to 17,463.80.

The Nifty Realty index closed 0.59 per cent up at 467.0.