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The S&P BSE Sensex was at 60,100 levels, down around 650 points, while the Nifty50 was hovering around 17,900 level.
In the broader market, the BSE MidCap and SmallCap indices declined up to 0.8 per cent.
Sectorally, the Nifty PSU Bank index dropped 2.2 per cent, followed by the Nifty IT index (down 1.6 per cent). On the upside, the Nifty Auto added 0.7 per cent.
Among individual stocks, shares of TCS (Tata Consultancy Services) dropped over 2 per cent on mixed December quarter results. TCS reported 11 per cent year-on-year (YoY) growth in net profit, and revenue for the quarter came in at Rs 58,229 crore, up 19.1 per cent YoY in reported terms and 13.5 per cent YoY in constant currency terms.
That apart, Tata Motors’ shares surged over 6 per cent. The retail sales of automaker Jaguar Land Rover rose 5.9 per cent YoY in Q3FY23 reflecting a “gradual improvement in chip supplies”. CLSA has upgraded the stock to ‘buy’.
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