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The brokerage firm believes that the company’s strong margin profile, lean working capital, healthy cash flows, balance sheet and long-term growth prospects will support its valuations and future projections. Given the strong enquiry pipeline, management’s focus on cost rationalization, and improving operational efficiency, it expects the company to generate revenue.

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BSE said that its average daily turnover in the equity segment decreased by 28 per cent to Rs 4,057 crore as compared to the corresponding period last year while in the equity derivatives segment decreased by 62 per cent YoY to Rs 1.2 lakh crore.The total number of investor accounts registered with BSE has more than doubled in the last two years to over 11 crores.

"Alternatively, the MPC could choose to hike by a more aggressive 50 bps - same as June, joining some DM and regional central banks in sending a more decisive signal,” BofA Securities said.“On the other hand, we also cannot completely rule out a 25 bps hike as the MPC could acknowledge that inflation has peaked and cite downside risks to their estimates, resorting to standard, more measured hikes," it added.

“We are seeing sector rotation and that will likely continue. There is an overall tilt towards looking for where growth is and that is why we have begun to see money coming back into emerging markets including India. From that perspective, maybe India will develop some kind of cushion so that it cannot fall too far. ”

The Nifty Auto index closed 0.8 per cent down at 12919.4.

The yellow metal had closed at Rs 52,182 per 10 grams in the previous trade.Silver also fell sharply by Rs 1,060 to Rs 57,913 per kg from Rs 58,973 per kg in the previous trade.In the international market, gold was trading higher at USD 1,767 per ounce while silver was flat at USD 19.93 per ounce.

Capacity increased 145 per cent YoY while passenger numbers climbed 221.9 per cent for the quarter. Fuel prices rose 95.5 per cent YoY. InterGlobe reported an EBITDAR of Rs 716.90 crore with EBITDAR margin of 5.6 per cent. This is against a negative EBITDAR of Rs 1360.20 crore with a negative EBITDAR margin of 45.2 per cent.

BSE Sensex seesawed between red and green but ended 214 points or 0.37 per cent higher at 58,350.53. Its NSE counterpart, Nifty50, ended 42.7 points or 0.25 per cent to close at Rs 17,388.15.Among the gainers, Tech Mahindra, TCS, Infosys, Titan surged over 1 per cent each, followed by Asian Paints, ICICI Bank, Bharti Airtel and RIL.

​​Consolidated total revenue for the quarter jumped 115 per cent YoY to Rs 15,509 crore compared with Rs 7,213 crore in the corresponding quarter last year.