Q3 Results: Reliance, ICICI Bank Drag Nifty; Wipro Plunges 9%; Jindal Saw Soars

• Reliance Industries and ICICI Bank shares fell nearly 3% each, acting as major drags on the Nifty 50 after their Q3 results.
• Wipro experienced a significant 9% drop in share price following subdued guidance for the fourth quarter.
• RBL Bank, IDBI Bank, and L&T Finance also faced pressure, with RBL Bank seeing its steepest fall since June 2024.
• Jindal Saw, JSW Infrastructure, and Netweb Technologies defied the negative trend, rising between 5% and 12%.
• Jindal Saw emerged as the top gainer on the Nifty 500, while Bansal Wire reported an 11% YoY revenue increase and Oberoi Realty's profit remained flat.

Why It Matters: Q3 earnings led to a mixed market, with major banks and IT giants dragging Nifty, while select stocks gained.