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I think starting off because large-cap indices have actually corrected more than the mid-cap indice, I would think that to start off with the larger banks like Axis, ICICI or SBI makes sense.

The share of banca (excluding ICICI Bank) increased to 14% from 4% in FY19, thus supporting growth and diversification in the distribution mix.

Rajesh Gopinathan says it was better to pull the trigger as it were. So that happened just a week or so ago. But it was a conversation that had been ongoing. Gopinathan says he has to make sure that the transition happens smoothly. With Krithi being there, that is not a challenge but he owes it to customers, colleagues, employees and stakeholders to make sure that he is there for whatever time the new CEO K Krithivasan needs.

Out of the total 37,84,000 equity shares on offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIB). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NII) and the rest for retail individual investors.

A total of 3,457 shares changed hands on the counter till 11:23AM (IST).

At 10.03 am, the stock was trading 3.8% higher on BSE. However, DLF stock has remained muted over the last one year and surged only 3%.

The stock quoted a 52-week high price of Rs 2194.0 and low of Rs 1513.3.

A total of 5,008 shares changed hands on the counter till time (IST).

The Dow Jones Industrial Average fell 46.92 points at the open

"There will definitely be near-term challenges that need to be taken care of, but Krithivasan has been taking care of the BFSI vertical for a long time. I believe as of now, one should not worry about change in the leadership," Gopinathan said and ET Now reported