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A total of 61,079 shares changed hands on the counter till 02:00PM (IST).

“ This is going to be a year for consolidation and return expectations will be muted obviously because of the market volatility. This year the market could test one’s patience and one has to be really patient, stay invested, keep the longer term picture in view and at the same time not get carried away by the short term variations in the market. ”

Gold futures on MCX were trading flat, marginally up, by 0.03 per cent or Rs 14 at Rs 51,830 per 10 grams. Silver futures were trading down 0.22 per cent or Rs 152 at Rs 68,027 per kg.

On the technical charts, the RSI of the stock stood at 43.1.

“Mainly domestic cyclicals, to some extent pharma and IT are the sectors which one will be looking at. Metals and commodities look good but it depends on how long the situation lasts. Overall commodity prices still should remain fairly firm and so we are still positive on the commodities and the metal sector but one would not really buy aggressively at these levels.”

The Securities and Exchange Board of India (Sebi) is cooperating with other agencies and sharing the information sought with them, he added.

The stock quoted a 52-week high price of Rs 2679.0 and low of Rs 1026.63.

A total of 33,672 shares changed hands on the counter till 12:54PM (IST).

The market capitalisation of BSE-listed companies tanked Rs 76,808.9 crore to Rs 2,51,62,236.19 crore in tandem with a massive selloff.

India’s share in EU imports could potentially increase in the near term, said Nomura India, but it felt that supply disruptions could lead coking coal prices to rise above the already elevated levels and hurt steel spreads for Indian steelmakers.