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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.

LTIMindtree’s adjusted profit after tax is expected to fall between 1.5% and 8.3% for the October-December quarter, with the bottom line ranging from Rs 1,152 crore to Rs 1,084 crore. A sharper decline is anticipated on a quarter-on-quarter basis due to furlough impact. EBIT margin is also projected to decline YoY and sequentially. Key focus areas include cost takeout projects, banking vertical, and client spending outlook.

Macquarie initiates coverage on Devyani International and Sapphire Foods with "Outperform" ratings, setting target prices of Rs 230 and Rs 390 respectively. Positive outlook driven by growth momentum in the QSR sector, with notable December acceleration and potential fiscal stimulus from the February budget.

Axis Bank shares dropped over 3% to a low of 1,014.65 during a block deal involving 33.2 lakh shares. The stock has underperformed, falling nearly 8% in the past year. The bank is expected to report Q3FY25 earnings soon, with anticipated lower loan growth and higher provisions impacting profits.