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“Multiplexes are dependent on good content.We saw a few movies flop. So the stock sold off but directionally. But such selloffs give opportunities. I believe the next few years should be good for them. The PE selling of some stocks has been happening on a regular basis. We saw that in insurance companies, in Devyani International.”

A host of brokerage firms have initiated coverage on as many as seven of stocks across FMCG, healthcare, consumption, financial services, real estate and defence sectors.

Domestic investors lost about Rs 3 lakh crore from their kitty as the total market capitalisation of BSE-listed firms plunged to Rs 285.9 lakh crore from Rs 283 lakh crore during the session

The mining giant will hold 60 per cent stake in the joint venture (JV) while the Taiwanese chip maker will own the balance 40 per cent, which became the fourth to announce plans under the Rs 76,000-crore production-linked incentive (PLI) scheme to foster chip-making capabilities in the country.

The spot prices of gold continued to remain under pressure and have plunged Rs 2,200 per 10 grams in about the last three weeks, whereas silver has shed about Rs 1,000 per kg in the last two sessions. The gold price has witnessed panic selling due to stop losses triggered below Rs 50,000 levels, said Ravi Singh, Vice President and Head of Research, ShareIndia.

“Valuations seem to have trumped even the core business processes. At the end of the day, these companies should be increasingly seen from the angle of what value they are adding to society at large; whether these companies are going to be sustainable; whether we are going to see many of these names 10 years down the line.”

Investor roadshows are due to complete this Friday, several sources said, allowing time for senior executives to hold discussions over the weekend before opening the book building process early next week.

This has led to a decline in the rate at which dollars can be bought or sold for delivery at a later date, known as the forward outright rate. The outright is derived from spot and forward premiums.

The markets ended lower for the second consecutive day on September 15. Despite that, some high breakouts seen in Nifty 50 stocks, from the list of Nifty 50 stocks, 3 stocks crossed their previous 5-year high value. Take a look:

He is now only behind Elon Musk whose net worth is estimated at around $273.5 billion.