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“Q3 results are going to be out soon and I cannot pre-empt that but the overall trend for the business is very healthy and we are very excited about FY23 ahead of us,” says Nitish Mittersain.

The 30-share pack Sensex declined 554.05 points or 0.90 per cent to close at 60,754.86. Its broader peer NSE Nifty fell 195.05 points or 1.07 per cent to 18,113.05.

The Kotak Pre-IPO Opportunities Fund has already made investments worth Rs 653 crore in five deals and has another Rs 405 crore worth deals in various stages of evaluation and execution.

The company had posted a PAT of Rs 267 crore in the corresponding quarter of the preceding fiscal, ICICI Securities said in a statement.

A fall below the 18,100-080 range may trigger further weakness, analysts warned.

The Nifty Bank index closed 0.02 per cent down at 38210.3.

The retail unit of Reliance Industries, Reliance Retail Ventures Ltd, has picked up a 54% stake in robotics startup Addverb Technologies for $132 million

Emkay Global expects Bajaj Auto to report a 21 per cent YoY fall in standalone profit after tax at Rs 1,229.80 crore compared with Rs 1,556.30 crore in the year-ago quarter. Sales are seen rising 2.2 per cent YoY to Rs 9,101.50 crore from Rs 8,909.90 crore YoY.

Brent crude futures were trading around $87 a barrel on Tuesday, while U.S. West Texas Intermediate (WTI) crude futures at $85 a barrel.

The pan-European STOXX 600 index dropped 0.9 per cent, with tech stocks declining 1.5 per cent after U.S. treasuries fell along the curve.