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So, I believe that is the reason. I believe in H2 we can see a bounce back coming on after some settling down of the economies and the interest rate might be settled down and this economic cycle might get revived.

All existing monthly and weekly F&O contracts of HDFC will expire on Wednesday and shall be physically settled. All shareholders of HDFC will get 42 HDFC Bank shares for every 25 shares of its parent company.

The company is selling its shares in the range of Rs 23-25 apiece between July 12-14, which is entirely a fresh issue of shares of Rs 500 crore.

However, experts are of the view that as long as the stock holds above the neckline of the rounding bottom breakout placed at around Rs 197 level, bulls should be able to take control.

​And also, there is slight weakness in the demand side right now that is also putting the volume de-growth for all these companies. So that is where we see that there is a pressure across the companies in a global market.

​I am not talking about the joint entity, joint entity would be 16%. So it has grown like 1.5 times the industry. If you see the deposit growth, which I think would be the main focus now, next one year, they were at 6% in FY17 and now they are at 10%. In fact, last year, they demonstrated 21% deposit growth versus industry average growth of being 10%.

A total of 1,945 shares changed hands on the counter till 12:42PM (IST)

The stock quoted a 52-week high of Rs 113.95 and a 52-week low of Rs 83.0.

Vedanta, incorporated in the year 1965, is a Large Cap company (having a market cap of Rs 102761.97 Crore) operating in Diversified sector.

Foreign institutional investors (FIIs) are in particular worried about the impact of macro uncertainties in developed countries on Indian software exporters. After selling IT stocks worth over Rs 48,000 crore in FY23, FIIs sold another Rs 9,154 crore worth of IT stocks in Q1.