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Indian benchmark indices ended a second consecutive day in green on Wednesday, as declines in pharma and auto stocks were offset by gains in heavyweight financials and Reliance Industries, even as concerns over slowing earnings growth kept a lid on the overall gains for blue-chip stocks.

Anshul Saigal of Saigal Capital discusses navigating market volatility through long-term investments in sectors like textiles, retail, and the Adani Group. He highlights opportunities in stocks with earnings growth visibility and emphasizes the importance of understanding market cycles.

L&T Tech Q3 Results: On a sequential basis, net profit for the reporting quarter rose marginally by 0.9%, while revenues increased by 3%. In constant currency (CC) terms, revenue growth for the quarter was nearly 9% year-on-year (YoY), and in USD terms, revenues stood at $312 million.

The Indian rupee rebounded on Wednesday, achieving its best day in over seven months. The currency closed at 86.3625 against the U.S. dollar, up 0.3%. This recovery followed a decline to a lifetime low in the previous session. Contributing to the rebound were dollar sales by foreign banks and a softer greenback.

The Nifty IT index closed 0.79 per cent at 43401.25.

HDFC Life Q3 Results: HDFC Life Insurance Company on Wednesday reported a 15% jump in its consolidated December quarter net profit at Rs 421.31 crore versus Rs 367.54 crore posted in the year ago period.

6 large and small-cap stocks from the Nifty 500 index hit 52-week lows

European shares gained on Wednesday following broad-based increases. The STOXX 600 rose by 0.3%, snapping a three-day losing streak. British stocks outperformed after a decrease in local inflation data. The UK midcap index jumped 1.4% and the FTSE 100 rose 0.7%. Investors await the U.S. inflation reading for further insights.

Trading at Rs 1,245 on the BSE, Reliance Industries stock is currently at its most attractive valuation since March 2020.