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The Relative Strength Index of the stock stood at 37.95 on Monday.

In the last 20 years, Nithin Kamath said he has not seen anyone who has kept profits from trading, without good risk management.

A total of 105,345 shares changed hands on the counter till time (IST).

The IT sector giant had announced buyback of up to 4 crore equity shares spending Rs 18,000 crore. About 15 per cent of the offer is reserved for retail shareholders

On a year-on-year basis, the total income clocked in at Rs 8,860.62 crore as against Rs 7,982.74 crore.

“The market needs to give up some gains. Technology, financials, etc, could take a hit in the near term. I believe that there is a huge risk premium in oil and that might give away and give some relief. We need to let the markets settle down lower, Longer term markets always do well.”

The partially convertible rupee opened at 75.5430/$1 as against 75.3800/$1 at previous close. So far in the day, the Indian currency moved in a band of 75.5680-75.5920/$1.

The Nifty IT index was trading 0.39 per cent down at 34246.5.

Ami Organics Ltd. key Products/Revenue Segments include Organic Chemicals and Other Operating Revenue for the year ending 31-Mar-2021.

The joint venture will use multi-orbit space networks that is a combination of geostationary (GEO) and medium earth orbit (MEO) satellite constellations capable of delivering multi-gigabit links and capacity to enterprises, mobile backhaul and retail customers across the length and breadth of India and neighbouring regions.