Revenue from operations during the quarter rose 22 per cent year-on-year to `24,056 crore.
Among the Sensex firms, Tech Mahindra, Tata Motors, Infosys, Wipro, Tata Steel, Tata Consultancy Services, Reliance Industries and Axis Bank were the major gainers.
A growing number of Indian alternative investment funds are expanding their private credit business, filling a void left by banks and non-bank lenders and mirroring a pick-up in activity across Asia.
Gold reserves were up by USD 853 million to USD 48.328 billion during the week, the RBI said.
Online travel company Yatra Online on Tuesday fixed the price band for its Initial Public Offering (IPO) at Rs 135-142 per equity share.
Adani Enterprises posted a consolidated profit of Rs 2.28 billion ($27.40 million) for the quarter ended Sept 30, down from Rs 4.61 billion a year ago.
IT and banking sector stocks showed a weaker trend with the Nifty Bank index closing the trade 0.48 per cent lower. Equity benchmark indices were dragged lower by IT shares after Tech Mahindra reported a massive decline in net profit by 61 per cent to 510.4 crore during Q3FY24.
Capital markets regulator Sebi has notified rules allowing private equity funds to sponsor a mutual fund house as they can bring in strategic guidance and talent to drive the growth of the industry.
The Nifty climbed 86.4 points or 0.40 per cent to hit its record peak of 21,505.05. It finally closed higher by 34.45 points or 0.16 per cent at 21,453.10
NS Venkatesh, CEO, AMFI, said that mutual fund industry’s growth has been on an upward trend. The half yearly growth has been encouraging and he is optimistic that the trend will continue to grow.