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Market experts said starting 2018, Ethereum has been more volatile than Bitcoin. Scalability issues have plagued it and this explains why layer 2 challengers like Polygon have reported more NFTs on its platform.

“After this correction, the companies that are struggling with their business models will not see a rebound whereas companies that have got beaten down just because they are part of the so called tech sector but have very strong fundamental unit level economics like a Zomato or Nykaa would still bounce back.”

While we continue to learn, the initial investment philosophy we develop gets deeply rooted in one’s psyche over time. When in acute stress, we often fall back to that strategy of ours subconsciously. If our strategy has proven to be successful in the formative years, it becomes second nature to rely on it before we even realise it.

“Bargains are harder and harder to come back around the world. Capital markets have become more and more efficient. One has to make calls as to where the future is going in with companies which you think will enable you to get that. But the caveat is that there is this viable economic model which supports you. ”

In the international market, gold was trading lower at USD 1,893 an ounce while silver was also marginally down at USD 23.78 an ounce.

The turnover and PAT (profit after tax) of the company in FY21 was Rs 1,299 crore and Rs 25.84 crore. The first half of FY22 saw sales of Rs 594.15 crore and PAT of Rs 16.60 crore. For FY23, the projections for sales and PAT are at Rs 1,605.62 crore and Rs 36.35 crore.

The 30-share pack Sensex declined 149.38 points or 0.26 per cent to close at 57,683.59. Its broader peer NSE Nifty dropped 69.65 points or 0.40 per cent to 17,206.65.

Trading in TCS shares started on a positive note on Monday. However, the scrip slipped into the red in tandem with the benchmark indices.

“ Though the process has started and all the paperwork has begun, SBI MF issue will come when we think that the timing is good, the market is favourable and we will get the right valuation. Before that, we will not go to the market. This is just to say that we are in no hurry. We do not need capital at the moment.”

A total of 8,150 shares changed hands on the counter till 02:05PM (IST)