The software major also announced a special dividend of Rs 67 per share and an interim dividend of Rs 8 per share.

The Nifty Pharma index closed 0.91 per cent up at 12770.6.

For bulls, 18000 would be the sacrosanct support zone, and above the same, the pullback formation will continue till 18200-18270. On the flip side, below 18000, the uptrend would be vulnerable and the index could retest the levels

With inflation continuing to stay high globally and the risk of sustained rate hikes from global central banks pushing economies into a recession, 2023 is likely to be challenging for equity markets.

Both interim and special dividends would be paid on February 3 to equity shareholders of the company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Tuesday, January 17, 2023

The agency said this alternate resource of fund raising by banks is on the back of widening credit-deposit gap. With credit demand continuing to outdo deposits throughout this fiscal, the overall gap between deposits and credit growth widened substantially. Incremental credit expansion stood at Rs 12.7 lakh crore, while deposit accretion continued to trail at Rs 8.9 lakh crore

“The growth that they have shown in CC terms is definitely a well demonstrated execution part at such a kind of scale because they have ramped up the deals that they have won in the previous quarters and demonstrated the execution part well.”

In accordance with the latest corporate shareholdings filed, Ashish Kacholia publicly holds 43 stocks with an estimated net worth of over Rs. 1,875.6 crore, Trendlyne data showed.