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Promoters held 51.32 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 16.35 per cent and 4.04 per cent, respectively.

So far in 2022, the 10-year benchmark government bond yield has climbed 68 basis points as high inflation is seen leading to rate hikes by the RBI.

Asian Paints was the worst Sensex stock, falling 1.78 per cent to Rs 3,181. Maruti Suzuki declined 1.78 per cent to Rs 7,595 as March quarter numbers failed to lift investor sentiment. Titan Company, Bajaj Finance, Infosys, Sun Pharma and UltraTech Cement dropped over 1 per cent each.

Barring the dollar pegged Tether, all other crypto tokens were trading higher. Terra rallied 6 per cent, whereas Shiba Inu and XRP jumped 5 per cent each. Solana zoomed 4 per cent. Bitcoin, Ethereum and BNB rose up to 3 per cent each.

The spot prices of gold have dropped about Rs 1,200 per 10 grams in the last three weeks, whereas silver has tumbled more than Rs 4,500 per kg in the same period under review.

The Relative Strength Index of the stock stood at 57.7 on Monday.

Sharekhan estimates HDFC profit at Rs 3,136 crore, down 1.4 per cent over Rs 3,180 crore in the corresponding quarter last year.

While the brokerage believes near-term performance would remain under pressure due to business volatility, cost inflation and withdrawal of Aurore merger, sharp correction in stock (down 34% from Q3 result and 49% in last 6 months) has priced in most concerns.

IndusInd Bank’s scrip rose to a high of Rs 1,025.95 as against Rs 978.20 at previous close on the BSE.

The Nifty IT index fell by about 13 per cent in April, and the weakness in the sector could well continue in the month of May as well, suggest experts.