Gift Nifty was trading around 23,301 level, a premium of nearly 37 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.

The stock reacted sharply to the weak Q3 show with the counter dropping 9.32 percent to quote an intraday low of Rs 994.45 per share on the NSE.

While the BSE MidCap index gained 1.78 per cent, Nifty MidCap 50 and Nifty MidCap 100 rose by 1.58 per cent and 1.86 per cent, respectively.