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The 30-share pack Sensex declined 366.22 points or 0.66 per cent to close at 55,102.68. The index gyrated 1,065 points during the day. Its broader peer NSE Nifty slumped 107.90 points or 0.65 per cent to 16,498.05.

Edelweiss Financial Services, where the ace investor owned 1.6 per cent stake as of December 31, hit a 52-week low of Rs 53.95 on February 28. On Thursday, the stock made an intraday low of Rs 55.20.

The Nifty Pharma index closed 0.36 per cent down at 12643.75.

The stock quoted a 52-week high price of Rs 2587.95 and a 52-week low of Rs 1690.85.

A total of 59,660 shares changed hands on the counter till 02:10PM (IST)

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 230884.32 Crore) operating in Auto sector.

Yields jumped an average of 10 basis points during the most significant crude spikes in recent history, with India’s five-year bond showing the most consistent reaction, according to a Bloomberg analysis of seven such events dating back to 2015.

UPL, in a regulatory filing, said it will offload the stake for a consideration of Rs 1.75 crore and the deal is expected to be completed by March 31 this year.

“In the short term, crude price rise is not going to matter so much because we have some finished goods and raw materials which will last March and possibly till April. It is going to impact us in the first quarter of next year in terms of profitability. That is definitely going to happen if we do not raise prices and price rise will impact demand.”

Amid the global volatility, the demand for the virtual asset class has increased with daily traded volume hovering around the $100 billion mark.