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“The starting valuations in India are expensive, India’s market cap to GDP, PE multiples are moderately above long term averages. So one should have moderate expectations of returns and invest only for long periods. One should be prepared for volatility because hopefully what is happening now will stop hitting the headlines after a few weeks.”

The stock quoted a 52-week high price of Rs 1147.9 and low of Rs 802.45.

The plan will allow users to keep aside a fixed amount of money to buy crypto assets every month over a long period of time. This will help them focus on the long-term strategy rather than timing the market.

Domestic funds purchased 76.7 billion rupees ($1 billion) of stocks Thursday amid the selloff triggered by Russia’s military action in Ukraine, outweighing foreign investors’ 64.5 billion rupee sale, according to provisional data. The benchmark S&P BSE Sensex dropped 5%.

As of 31-Dec-2021, promoters held 27.45 per cent stake in the company, while FIIs held 14.58 per cent and domestic institutional investors had 6.87 per cent.

A total of 19,808 shares changed hands on the counter till 01:44PM (IST).

“In the near term, news on war will continue to impact our market. But our fundamental story is intact. Of course, it gets adversely impacted by higher energy prices. We import about 4 million barrels of oil a day. A $10 price increase is $40 million outflow from our pocket. But our long-term story remains intact. Elevated energy prices create a dent which we can afford.”

In case of an initial public offering, the share capital of Porsche AG would be equally split into preferred and ordinary shares and up to a quarter of the preferred stock would be placed on the market, Volkswagen said, confirming an earlier Reuters story.

The stock traded at a P/E multiple of 177.46, while the price-to-book value ratio stood at 16.41.

It seems investors remembered that the best defense is a good offense, with the market’s version of that adage being buy the rumor, sell the fact — prepare for downside when Russian troops are massing at the border, put the risk back on once they cross it.