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The Relative Strength Index of the stock stood at 48.66 on Wednesday.

Metro Brands is a play on fast-growing organised footwear retail market, Axis said, adding that the industry is estimated to grow at 12-13 per cent compounded annually over FY20-25 to Rs 53,000-55,000 crore.

The NFTs will be available to mint in a tiered pricing model of $100, $1,000 and $10,000. Funds from the NFT sale will go directly to Ukraine in its current defence against the Russian forces.

On the technical charts, the 200-day moving average of the stock stood at Rs 2238.51.

The recent slide has sent Nifty Bank into a bear market for the first time since March 2020. The index has fallen over 20 per cent from the peak on growing concerns that higher energy prices may curtail India’s GDP growth.

Analysts said it is no time to buy shares in one go, every time, at what appears to be a bottom.

Amfi data released for the month on Wednesday showed that investors poured in a net Rs 19,705.27 crore in equity-oriented funds, compared to Rs 14,887.77 crore in January. Flexi cap and sectoral fund were among the biggest beneficiary of the inflows, getting more than Rs 3,000 crore each.

The stock traded at a P/E multiple of 33.88, while the price-to-book value ratio stood at 2.6.

A total of 36,338 shares changed hands on the counter till 12:58PM (IST).

“We would be comfortable in some of the banks and IT names. We would still not venture out to buy some of the oil marketing companies or gas companies. HDFC Bank, may be an ICICI Bank and may be some of the smaller banks like AU Bank or Federal Bank would be on our buying list.”