The Sensex rallied by 847.27 points to end the session at a record high of 72,568.45, while the Nifty rose by 247.35 points to an all-time high of 21,894.55.
The stock rose by 4.21 per cent to Rs 3,893.70 on the BSE and 4.24 per cent to Rs 3,894 per share on the NSE. The company's revenue rose by 4 per cent to Rs 60,583 crore, with strong double-digit growth in emerging markets for the third quarter.
The second-largest IT services company in the country reported a 7.3 per cent decrease in net profit for the December quarter, citing sluggish client demand as the primary factor.
The 30-share BSE Sensex climbed over 700 points to 72,431.14 Meanwhile, the Nifty also surged by 141.95 points to 21,789.15.
Investor sentiment was impacted by the upcoming release of US inflation data and domestic macroeconomic figures, leading to a cautious approach in the market.
Stock markets update: In the early trade, the 30-share BSE Sensex climbed 341.76 points to 71,999.47. Meanwhile, the Nifty was also up by 107.8 points to 21,726.50 points.
In a notable reversal, India's benchmark indices, Sensex and Nifty, rallied in the closing hours on Wednesday, driven by substantial buying in major players like Reliance Industries, ICICI Bank, and HDFC Bank.
The 30-share BSE Sensex dropped 81.35 points to 71,304.86 in early trade. Meanwhile, the Nifty fell by 27 points to 21,517.85.
The Sensex rose by 30.99 points, while the Nifty index climbed by 31.85 points on Tuesday.
The automaker sold 1.01 lakh units in the third quarter compared to the same period a year earlier, marking the highest wholesales JLR has seen in 11 quarters.
In the early trade, the 30-share BSE Sensex jumped 493.4 points to 72,156.48. Meanwhile, the Nifty also gained 160.65 points to 21,673.65 points.
The bearish trend in the market reflects the prevailing economic dynamics and investor sentiments.
Stock markets update: In the early trade, the 30-share BSE Sensex jumped 155.62 points to 72,181.77. Meanwhile, the Nifty also gained 53.15 points to 21,763.95 points.
Stock market updates: In the early trade, the 30-share BSE Sensex jumped 308.91 points to 72,156.48. Meanwhile, the Nifty also gained 91 points to 21,749.60 points.
The domestic rupee appreciated by 8 paise to close at 83.22 (provisional) against the US dollar on Thursday, following a closing rate of 83.30 against the greenback a day earlier.
Stock markets: In the early trade, the 30-share BSE Sensex jumped 351.88 points to 71,708.48. Meanwhile, the Nifty also gained 99 points to 21,616.35 points.
The primary factor contributing to the dip was the significant fall in information technology (IT) stocks, reflecting a broader slide in global markets.
Stock markets: In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points.
The BSE gauge eked out a modest gain of 31.68 points or 0.04 per cent to settle at 72,271.94 after a muted beginning on Monday.
In the early trade, the 30-share BSE Sensex declined 202.76 points to 72,069.18. Meanwhile, the Nifty also fell by 42.9 points to 21,699 points.
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