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​Persistent clocked a 45.4% increase in the revenue from operations at Rs 2,169.3 crore during the October-December 2022 period, which stood at Rs 1,491.7 crore in the year-ago period, whereas the operating EBITDA of the company stood at 401.5 crore in Q3FY23, up 59.9% YoY.

Having dipped in the last two sessions, spot gold rose 0.5% to $1,917.26 per ounce by 1254 GMT, after hitting a session low of $1,896.32 earlier. U.S. gold futures were up 0.4% at $1,917.60.

Earlier, alternative investment strategies were used by large institutional investors to hedge their portfolios with allocations to real estate and private equity primarily. However, with the emergence of pooling vehicles like Alternative Investment Funds (AIFs), Real Estate Investment Trusts (REITs), Infrastructure Investment Trust (InvITs), the investor base for alternative assets have become broader.

The Nifty Realty index was trading 0.36 per cent down at 429.25.

The results of these companies will trigger some stock-specific action in the markets

At the close, Nifty ended with gains of 112 points at 18,165, while Sensex added 390 points and settled at 61,045.74.>> For more such web stories click on the ET icon below

Fear gauge index India VIX was down 0.98% from 14.59 to 14.44 levels. Volatility cooled down from higher zones and needs now to come below 14 zones for stability to resume.

The dollar index gained by 0.18 per cent on Tuesday add pressured on yellow metals. US bond yields also recovered from recent low, the analyst said.

However, volume growth is likely to be muted in single digits and gross margins will take a hit year-on-year (YoY) mainly due to inflationary pressures during the period under

Axis Securities expects sales growth to moderate to mid-single-digit growth of 4.6% at Rs 8,923 crore on weak demand (consumer inflation and easing pent-up demand). The volume growth is likely to be negative during the quarter under review. The brokerage expects EBITDA margins to decline 100 basis points YoY, mainly due to lower operating leverage. Analysts at Axis Securities expect PAT to decline 2.6% to Rs 989 crore during the quarter under review.