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In many pockets of the market, the bull phase ended 6 months ago. In the bull market that started after the crash in March 2020, many stocks went up several times. It is absolutely normal for them to see a correction of 20-25 per cent after scaling such record highs.

Whirlpool of India Ltd., incorporated in the year 1960, is a Large Cap company (having a market cap of Rs 20215.76 Crore) operating in Consumer Durables sector.

Promoters held 30.3 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 24.42 per cent and 19.75 per cent, respectively.

The partially convertible rupee was trading at 76.92/93 per dollar, after touching 76.96, its weakest level ever. It had closed at 76.16 on Friday.

The stock quoted a 52-week high price of Rs 1147.9 and low of Rs 753.45.

In the late evening meeting on Friday, lenders raised concerns over the worth of their securities as Future Retail had raised loans from domestic lenders by hypothecating all present and future inventories within the stores. "This has amounted to alienation of assets hypothecated to us without our approval," said one of the lenders.

The euro tumbled to a fresh 22-month low on the dollar and hit multi-year troughs on the yen, Swiss franc and sterling as war in Ukraine drove up commodity prices and stoked fears of a stagflationary shock that would hurt Europe most of all.

Should long-term investors use the extreme volatility in the stock market to place their bets? Or, should they sit this period out.

Two people with direct knowledge of the negotiations told ET that the deal is "moving quickly toward fruition" and will result in the combined behemoth owning more than 1,200 screens. The number of screens run by the next biggest entity, INOX Leisure, is just about half of what the merged company would operate.

“Due to war uncertainties, central banks may balance their hawkish policy against expected earlier due to high inflation. It can provide leeway to the market in the short term,” said Vinod Nair, Head of Research at Geojit Financial Services.