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The equity strategist doesn’t find the selloff unexpected. “I think this whole year is going to be a weak year from the returns perspective and while the Nifty has corrected to less than 16,000, I really do not think that we will still be making positive returns from here on in the rest of the year,” he told ET Now.

The US inflation print surprised the market by hitting a 40-year high and intensified the fear that the US Fed will be more aggressive in the FOMC meeting scheduled later this week.

The Nifty Realty index was trading 1.83 per cent up at 394.95.

The Relative Strength Index of the stock stood at 46.49 on Tuesday.

Rogers said the ongoing bear market in the US could be the worst bear market of his lifetime, suggesting that US stocks may fall a lot more going ahead.

Promoters held 62.55 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 12.2 per cent and 7.43 per cent, respectively.

The Indian rupee opened flat against the dollar on Tuesday as gains from easing domestic inflation worries negated the overnight strength of the greenback, said Sriram Iyer, Senior Research Analyst at Reliance Securities.Retail inflation eased to 7.04 per cent in May, mainly on account of softening food and fuel prices as the government as well as the RBI stepped in to control spiralling price rise by way of duty cuts and repo rate hike.

The stock traded at a P/E multiple of 42.24, while the price-to-book value ratio stood at 3.4.

Aditya Birla Capital Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 22992.21 Crore) operating in NBFC sector.

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