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The S&P 500 opened lower by 3.52 points, or 0.09%, at 3,888.57, while the Nasdaq Composite dropped 27.93 points, or 0.26%, to 10,607.72 at the opening bell

"Given fragile economic conditions, any new adverse development -- such as higher-than-expected inflation, abrupt rises in interest rates to contain it, a resurgence of the COVID-19 pandemic or escalating geopolitical tensions -- could push the global economy into recession," the bank said in a statement accompanying the report.

Rekha Jhunjhunwala, as per the latest corporate shareholdings filed, publicly holds 19 stocks with an estimated net worth of over Rs. 11,866.8 crore. Some of the top holdings of the investor include Aptech, Crisil, Indian Hotels and Jubilant Pharmova and Fortis.

Athulya Senior care is backed by its founders Karthik Narayan, Srinivasan G and J Krishna Kavya, who have earlier served various healthcare institutions in the country and in the United States.

But domestic institutional investors continued to pour money into the market as they net bought shares to the tune of over Rs 14,600 crore in December. In 2022, they poured a record Rs 1.9 lakh crore into the equity market, and this helped India outdo most of its emerging market peers.

A weak trend in European markets and unabated foreign fund outflows also negatively impacted the domestic equity market with Sensex ending 632 points lower at 60,115 points.

“For bulls, 18000 would be the key level to watch out for, and above the same, the index could retest the level of 18100-18150. On the flip side, 17800 would act as a sacrosanct support zone, below which selling pressure is likely to accelerate and drag down the index up to 17700-17675,” said Shrikant Chouhan of Kotak Securities.

The fund, launched in 2021, provides so-called "growth capital" to companies further along in developing solutions in clean energy, sustainable transport, waste and materials, sustainable food and agriculture and ecosystem services.

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Citing the downside risks to earnings, the brokerage has cut the earnings per share (EPS) estimates for FY24 and FY25 due to a slower-than-expected net addition of subscribers, lower margins, and interest expenses.