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​HDFC MF’s prominent reductions were HDFC, Larsen & Toubro, and Kotak Mah Bank

The Nifty Auto index closed 0.7 per cent up at 14007.85.

In the overseas market, both gold and silver were trading higher at USD 2,023 per ounce and USD 24.26 per ounce, respectively.

Bharti Airtel, the telecom giant, is expected to show modest revenue growth in Q4 amid lower subscriber additions and flat ARPU. Analysts anticipate consolidated revenues to rise between 0.4-2.7%, and net profit to rise up to 54% from the last quarter. However, the subscriber growth is limited to 1-3.5 million due to SIM consolidation, and analysts predict flat India EBITDA margins quarter-on-quarter with declining overall consolidated margins due to weak African margins. In Q3, the company showed a significant YoY jump in consolidated net profit and revenue from operations.

The S&P BSE Sensex ended at 62,345.71, up by 317 points or 0.51%, the broader market Nifty50 settled at trading at 18,398.85, up by 84 points or 0.46%.

The Nifty Realty index closed 4.32 per cent up at 472.45.

The Nifty Bank index is just 83 points away from its all-time high of 44,151.80, with all stocks trading in the green. Santosh Meena, Head of Research at Swastika Investmart, says the index has been showing strong leadership and is expected to reach a new high. HDFC Bank and State Bank of India have contributed to the positive momentum. However, Meena warns about potential profit-booking at current levels, and that the 20-day moving average could offer a support level on the downside. The S&P BSE Sensex and Nifty50 were also trading positively, and 14 of 15 sectoral indices were in the green.

Kalyan Jewellers India Ltd has reported a 3.11% YoY drop in consolidated net profit to Rs 697.99 crore during Q4 2022-23 due to higher expenses. However, the total income during the period surged to Rs 3,396.42 crore, with expenses remaining higher at Rs 3,268.47 crore. The FY 2022-23 annual profit almost doubled to Rs 431.93 crore, while the total income increased to Rs 14,109.33 crore. The company also witnessed a boost in consumer demand, particularly around wedding purchases, and completed an excellent year with a maiden dividend announced for the shareholders.

​Fund Manager and CIO of ICICI Prudential, S Naren in an interview with ETNow gave his global and domestic outlook on markets.

Kalyan Jewellers India reported a consolidated revenue of INR 14,071 crore in FY23, a YoY growth of more than 30%, and a consolidated PAT of INR 432 crore. However, adjusted PAT was INR 457 crore for the year, as the firm divested certain non-core assets and incurred a one-time exceptional pre-tax write-off of INR 33 crore. Additionally, standalone revenue for the Indian market was INR 2,805 crore in Q4FY23, growing by 17% YoY. The Middle East region accounted for ~16% of the overall consolidated revenue of the firm.