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"There was a wide divergence between sectors adversely affected by rising raw material prices like autos, cement, consumer staples and durables, specialty chemicals and those not directly impacted/benefitted by rising prices including BFSI, metals, O&G and technology.The full impact of raw material inflation would be felt in 1HFY23 as there would be no benefit of lower raw material inventory. The next two quarters are going to see a sharp margin impact and corporate commentaries might get worse before it gets better."

Gold futures on MCX were trading lower, falling about 0.38 per cent or Rs 195 to Rs 50,469 per 10 grams. However, silver futures plunged 0.62 per cent or Rs 374 at Rs 59,937 per kg.Amid prospects of aggressive monetary policy tightening, investors de-risking leaves the potential for gold prices to take another knock.

As of 31-Mar-2022, promoters held 41.94 per cent stake in the company, while FIIs held 31.87 per cent and domestic institutional investors had 11.86 per cent.

A total of 239,953 shares changed hands on the counter till 01:59PM (IST)

Stocks which were in focus on Monday included names like RBL Bank which fell by more than 22 per cent, Bajaj Finance which was down by 5 per cent, and M&M Finance which fell by over 6 per cent on Monday.

"In the near-term markets can and will gyrate based on news and flows but sooner than later they come back to fundamentals, i.e., corporate earnings growth and relative valuations compared to other asset classes. Leaving near-term aside, I would argue that Indian equities is well-poised from a long-term perspective given the resilience of the economy led by demographics and underlying reforms being carried out leading to improved earnings growth."

“Don’t stop your SIPs. Just sit it out. There is no need to rush in because if I am correct in terms of talking about deflation or the Fed stopping interest rate hikes by October, then the risk-on trade comes and that is where FIIs would come back to India towards the back end of the year.”

“Right now, we are just seeing damage across the board and I would love to call it an opportunity but looking at the way the stocks are going right now, I think there are going to be more opportunities ahead. We are focussing on largecaps but as things get more attractive and we get visibility, then we will add more midcaps.”

Relaxo Footwears Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 24276.51 Crore) operating in Leather sector.

Seeking the tribunal’s approval for the merger – M&M explained that the value chain required for end-to-end EV (Electric Vehicles) development, manufacturing and sales is currently spread between M&M and MEML and it needs to be consolidated.