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Laxmi Organic reported net profit of Rs 10.7 crore for the quarter ended September. Revenue from operations stood at Rs 652 crore.

"Long-term investors do not need to do much and the only thing they can do is to add on in dip and stay with quality," said Mukesh Kochar, head of wealth at AUM Capital.

Out of the 60 stocks below this long-term trend indicator, Navin Fluorine International, Indraprastha Gas, Gujarat Gas, Biocon, HDFC Bank, Pidilite Industries, Kotak Mahindra Bank, Dabur India, BPCL, and Wipro are among the notable names. The Nifty has dropped 4.8% in the past week.

While mid-cap and small-cap indices have fallen about 6% in the previous six trading sessions, about 23 stocks in the Midcap 150 index and 55 stocks in the Smallcap 250 index have fallen more than 10%.

Apart from promoters Varun Alagh and Ghazal Alagh, investors like Fireside Ventures, Sofina, Stellaris and Shilpa Shetty Kundra offered shares as part of OFS.

Speaking at the launch of GapUp platform promoted by Rigi, Dhoni said, "I have also been investing in stocks. The way experts change their views on TV is surprising. They are bullish one day and bearish the next day." Dhoni is looking to replicate his mantra from cricket into investing.

Meta Platforms fell about 4%, even after its third-quarter results beat expectations, as the Facebook parent forecast 2024 spending above estimates and suggested the Middle East conflict could dampen fourth-quarter sales. The 10-year Treasury yield still hovered near the 5% mark despite easing after inflation and disposable income data, dragging megacaps Tesla and Microsoft down 1.7% and 3.1%, respectively.

The S&P BSE Sensex closed 1.4% lower at 63,148, while the NSE Nifty 50 index ended below the 18,900 level