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Its total income in October-December 2021 jumped 86.85 per cent to Rs 2,815.68 crore, against Rs 1,506.87 crore in the year-ago period.

The total revenue from operations for the quarter came in at Rs 2,880.65 crore, up 1.85 crore compared to Rs 2,828.26 crore in the year-ago quarter

“The pendulum is slowly shifting as far as macro is concerned and therefore while today there has been quite a significant selloff, in the overall context for the year we are just barely down. This is possibly just a reset of expectations both with respect to interest rates getting normalised, liquidity as far as various central banks are concerned getting normalised and also a function of earnings. ”

"On crypto, I have said that we are in the process of consultation. Whatever decision the government is going to take, will be after the consultation," she said.

Tuesday is likely to see the levels of 16,900 and 17,000 acting as potential resistance points. Supports exist at 16,750 and 16,680 levels

“This bull market correction in 2022 is likely to last at least for another couple of quarters. We will have intermittent bounces that will make the market volatile. The theme is an overall correction for 2022, but the bull market is intact. When the markets undergo correction, one must have cash to implement at lower levels.”

The selling is despite the company narrowed losses drastically in the December quarter. The food delivery firm also hinted it was very close to achieving Ebitda breakeven

The Nifty IT index closed 1.45 per cent down at 33880.65.

At an intraday low of 16,809 levels erased all the gains registered between January 25 and February 2

In the international market, gold was trading marginally lower at USD 1,857 per ounce and silver was flat at USD 23.02 per ounce.