As investors digest better-than-expected US inflation data, domestic markets will likely start Wednesday’s session on a tepid note. The consumer price index rose 0.5% in January and was up 6.4% year-over-year.

The SGX Nifty fell to 17,904 by 7:15 am, down more than 23 points.

Globally, US stock futures turned weaker this morning after inflation data topped expectations. Dow Jones futures, S&P 500 futures and Nasdaq futures fell 0.2%.

Domestically, foreign fund flow actions, crude oil prices and rupee movements will guide market sentiment.

Eicher Motors: The two-wheeler specialist’s profit in the December quarter (Q3FY23) rose 62.4% year-on-year, beating expectations, helped by higher motorcycle sales. Sales of Royal Enfield, which generates most of Eicher’s revenue, rose 31% to 210,000 vehicles.

Siemens: The company’s consolidated net profit rose 85% YoY to Rs 462.7 crore in Q3FY23 on higher revenue. Last year, the company posted a net profit of Rs 250 crore in the same period. Meanwhile, total revenue rose to Rs 4,116.8 crore in Q3FY23 from Rs 3,480.9 crore in Q3FY22.

Vodafone Idea: The telecom giant’s net loss widened 10.5% YoY to Rs 7,990 crore in Q3FY23 due to higher operating expenses and finance costs. On a sequential basis, the net loss widened by 5.2%. However, total revenue for the quarter rose 9.2% year-on-year to Rs 10,620 crore.

ONGC: The state-run company’s net profit rose 6% year-on-year to Rs 11,045 crore in the third quarter of fiscal 2023 due to higher gas prices under the Administered Price Mechanism (APM). Total revenue in Q3FY23 also rose 35.5% YoY to Rs 38,584 crore from Rs 28,474 crore.

Apollo Hospitals: The company’s consolidated net profit fell 33% to Rs 153 crore in Q3FY23 from Rs 228 crore in Q3FY22. On the other hand, revenue in Q3FY23 rose 19% YoY to Rs 4,264 crore as against Rs 3,639 crore in the same period last year. Also, the company declared an interim dividend of Rs 6 per share.

Torrent Power: The company reported an 88% year-on-year rise in consolidated net profit to Rs 694.54 crore in Q3FY23 on higher revenue. Meanwhile, total revenue climbed to Rs 6,526.44 crore in the December quarter from Rs 3,833.14 crore in the year-ago quarter.

Bharat Forge: The consolidated net profit of the auto parts major fell by 81.35% year-on-year from Rs 422 crore in Q3FY22 to Rs 78.72 crore in Q3FY23. Apart from this, total expenses stood at Rs 3,178.9 crore, up from Rs 2,093.39 crore in the same period last year.

NMDC: The state-owned company’s consolidated net profit more than halved to Rs 903.89 crore in the third quarter of FY23, mainly due to lower revenue. The mining giant’s total income also hit, falling to Rs 3,924.75 crore from Rs 6,026.68 crore a year earlier.

Bata: The footwear maker reported a 15% year-on-year rise in consolidated net profit to Rs 83.19 crore in the third quarter of FY23, compared to Rs 72.32 crore in the corresponding period of the previous financial year. Also, consolidated operating income rose to Rs 900.21 crore compared to Rs 841.3 crore in the same period last year.