Indian equity benchmarks ended higher on Tuesday with the Sensex gaining 248.84 points or 0.40% at 61,872.99. The Nifty rose 74.25 points or 0.41% to 18,403.40.

The broader indices ended mixed with the BSE MidCap index gaining 0.08% and the SmallCap index up by 0.01%. The top losing sectoral indices on the BSE were Oil & Gas down by 0.99%, Telecommunication 0.79%, Auto 0.75%, Bankex 0.70%, and Utilities 0.53%. While Metal up 0.60%, Capital Goods 0.21%, Realty 0.08%, Industrials 0.04%, and FMCG 0.03% were only gaining sectoral indices on BSE.

Also Read: Warren Buffett’s Berkshire picks $4.1 billion stake in chip giant TSMC

Hinduja Global Solutions Ltd: The stock ended 3.5% higher at Rs 1,339.50 on the BSE after the company reported massive 599% sequential growth in consolidated profit at Rs 239 crore for the second quarter of the financial year 2022-23, supported by higher other income and tax write-back. Revenue from operations grew by 1.6% quarter-on-quarter to Rs 1,167.5 crore.

Also Read: Binance CEO Changpeng Zhao calls for clarity of regulations, after rival FTX files for bankruptcy

MindTree Ltd: The stock ended nearly 1.5% lower at Rs 3,711.35 on the BSE after the National Company Law Tribunal (NCLT) approved the plan of amalgamation and arrangement between L&T Infotech and Mindtree on Monday. Both companies will be merged as a single entity- LTIMindtree. 

FSN E-Commerce Ventures Ltd (Nykaa): The stock ended over 9% lower at Rs 192 on the BSE. The fall can be attributed to the issue of bonus shares and the timing, which is hurting retail investors due to consequent short-term and long-term tax liabilities, according to Prashanth Tapse, a Research Analyst at Mehta Equities.

Also Read: Retail inflation in India falls to 6.77% in October

Apollo Tyres Ltd: The stock ended 4.3% higher at Rs 297.85 on the BSE after the company reported 12% year-on-year growth in consolidated profit at Rs 194.5 crore for the second quarter of the financial year 2022-23. Revenue from operations grew by 17% YoY to Rs 5,956 crore and EBITDA rose 11.6% to Rs 712 crore, though the margin declined 60 bps due to higher input cost.

Also Read: India WPI inflation eases to 8.39% in October, lowest since March 2021

NMDC Ltd: The stock ended nearly 4% higher at Rs 109.00 on the BSE after the company reported a 62% year-on-year decline in profit at Rs 885.7 crore for the second quarter of the financial year 2022-23. Revenue from operations stood at Rs 3,328 crore, which declined 51% and EBITDA fell 73% to Rs 851.2 crore against the year-ago quarter.