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Adani Total Gas announced a dividend payout of ₹0.25 per equity share. Adani Total Gas shares climbed 1.5% on the National Stock Exchange, while the broader benchmark Nifty advanced 0.5%.

Steel major Tata Steel Ltd reported consolidated net profit of Rs 1,705 crore for the January-March period. This is a fall of 82% from Rs 9,756 crore a year ago.

"Going ahead, the market may consolidate ahead of key US Fed and ECB policy meetings before resuming its upward journey. With results season picking up steam, stock-specific action is likely to continue," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

The margin framework, which owes its origin to the financial meltdown of 2008, is aimed to reduce risks and contagion damages of volatility and default in over-the-counter, or one-to-one that banks cut with companies and other banks.

"Euphoria in the retail market as well as activities moderated, new client additions, NSE active clients, all of these numbers declined in the industry," said Vijay Chandok, MD of ICICI Securities. "Cash volumes were also in a downward trajectory throughout the year, and equity capital markets, the fundraising markets were all muted in FY23 as compared to FY22."

"In FY22, for the larger part of the year, the economy was struggling with Covid. In FY23, we saw a significant improvement in the operating environment and the requirement of working capital, which went up significantly due to high commodity prices," said Soumyajit Niyogi, director, India Ratings and Research. Higher credit demand from the real economy led to increasing money-market activity from financiers.

The de-recognition by European regulators of the Clearing Corporation of India (CCIL) did not cause any disruptions in government bond trading on Tuesday as national regulators of foreign banks have offered concessions on the matter. The CCIL houses the trading platforms for sovereign bonds and derivatives. Yield on the 10-year benchmark bond eased 3 basis points to 7.09%.

The private equity major, through its affiliate Hulst B.V., sold 21,50,000 shares of the software major at Rs 4,125.44 apiece, according to bulk deals data on the BSE.

The public issue comprises a fresh issue of Rs 300 crore and an offer for the sale of 48.69 lakh equity shares. The offer also includes a reservation for a subscription by eligible employees.

For FY23, its post-tax net profit declined to Rs 12.31 crore against Rs 69.8 crore in the year-ago period. A statement from Spandana Sphoorty said the company had to write off Rs 702 crore worth of assets in the first quarter of FY23, which resulted in a massive decline in the profit.