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This is in addition to the intervention on the Rs 99 prepaid plans by Vodafone Idea which was expanded to 15 circles in mid-August, the company said.

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​So that is kind of putting some pressure in terms of where the funds can go. So if you take all of this into account, my sense is that the domestic sentiment will not allow the market to sink a lot unless the domestic sentiment caves in for some reason and there is not much room for upside either.

“I really do not understand the global setup, the way it is, and why FII selling continues despite India shining and despite so much positive news globally on India. That is a difficult phenomenon to understand. And yet domestic flows remain extremely strong. So this is the time to focus on individual stocks rather than the market as a whole. ”

A total of 12,324 shares changed hands on the counter till 11:57AM (IST).

For many who have watched the history of markets, it is reminiscent of the days when the bond bears held sway back in the 1980s. What is happening in the global bond markets isn’t just a blip on the radar; it is a signal that can’t be ignored for long.

The Nifty Auto index was trading 0.26 per cent up at 15957.7.

The stock quoted a 52-week high of Rs 2550.95 and a 52-week low of Rs 1660.65.

Airtel stock was trading 0.5% down on BSE on Wednesday at Rs 910 after the company reported a 37% year-on-year fall in its net profit to Rs 1,341 crore. While Jefferies has a target price of Rs 1,085 on the stock, CLSA sees it at Rs 1,110.

ASM or additional surveillance framework is part of the initiatives taken by the Securities and Exchange Board of India and stock exchanges to enhance market integrity and safeguard the interest of investors. ASM framework is based on objective parameters with price, volume variation, volatility, etc.