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A total of 8,488 shares changed hands on the counter till 10:36AM (IST).

While TCS reported strong numbers for the December quarter, it wasn’t good enough to entice investors as risks to earnings growth persists amid the macroeconomic slowdown in Europe and US.

Stocks that were in focus include names like Maruti Suzuki which rallied more than 3% post Q3 results, Tata Motors which gained more than 3% ahead of results on Wednesday, and TVS Motor Company which closed flat.

Chalet Hotels, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 7321.44 Crore) operating in Tourism & Hospitality sector.

The cloud business is under the spotlight again following the viral success of chatbot ChatGPT, which answers general questions in plain language using artificial intelligence. The bot is a creation of startup OpenAI, in which Microsoft is investing heavily and which requires intense cloud computing services.

The exact cost of the fallout from the glitch is unclear, but the cost to brokers and retail traders is likely to be in the eight-figure range, according to a person at a major brokerage who spoke on condition of anonymity because the matter is sensitive.

Tata Motors is seen posting a consolidated net profit of Rs 285 crore for the December quarter, compared with a loss of Rs 1,516 crore a year ago, and a loss of Rs 945 crore a quarter ago. Consolidated sales are seen rising over 14% year-on-year (YoY) and 3% sequentially to Rs 82,738 crore.

Investors are all but certain the Federal Reserve will implement a bite-sized interest rate hike next week even as the U.S. central bank remains committed to taming the hottest inflationary cycle in decades.

“At this point in time, we are watching the next central bank move on the repo rate, so raising funds from the market makes sense because we can tweak the tenure. But with term deposits, there is no scope of repricing,” said a senior official at a private sector bank.

Sensex ended 0.06% or 37 points higher at 60,978.75, while Nifty held 18,118 levels. Meanwhile, broader markets underperformed the headline indices, with Nifty Midcap100 ending 0.4% lower. >> For more such web stories click on the ET icon below