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Electric vehicle maker Tesla Inc rose 2% in extended trading after reporting a rise in quarterly profit after the bell. "Equity prices are trending in a roller coaster fashion, currently being at the mercy of inflation, interest rates and earnings," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.

BlackRock management was quick to invoke the first-half market carnage when revealing the investment performance last week. “2022 ranks as the worst start in 50 years for both stocks and bonds,” Chairman and Chief Executive Officer Larry Fink said on his earnings call.

Its revenue from operations was up 62.62 per cent to Rs 4,244.46 crore during the period under review as against Rs 2,609.97 crore in the corresponding period last fiscal.

"FY23 has started on a strong note with revenue growth of 18 per cent in the first quarter (Q1) on a year-on-year basis with cloud and subscription revenues growing at 33 per cent in the Q1 on YoY basis," Newgen Software Technologies chairman and managing director Diwakar Nigam said in a statement.

Its revenue from the operation rose 94.25 per cent to Rs 888.78 crore during the quarter under review. It was Rs 457.54 crore in the corresponding quarter previous fiscal.

The Jaipur-based lender reported a marginal dip in the quarterly net interest margin at 5.9% from 6% in the year-ago period.Its net interest income, however, rose 35% to Rs 976 crore against Rs 924 crore.

Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial, said that FIIs have turned buyers over the last two sessions as valuations turn comfortable while concerns are abating. "However, given the sharp rally in the last few days, we expect markets may take a pause and consolidate before resuming its upward journey. Investors would pick up cues from the ECB’s MPC on Thursday and the US Fed meeting next week," he said.

On the performance of the company, Rane Engine Valve Ltd said sales to Indian original equipment (OE) customers grew 50 per cent, supported by strong demand across vehicle segments. Export sales grew by 55 per cent as the demand from overseas customers remained strong.

The Dow Jones Industrial Average dipped 92 points, or 0.29%. ​The S&P 500 was little changed, while the tech-heavy Nasdaq 100 posted modest gains. Netflix rose after it reported better-than-feared earnings late on Tuesday and said it expects to return to subscriber growth before the end of the year.

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