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On the technical charts, the 200-day moving average of the stock stood at Rs 299.32.

Shares of LIC got listed on May 17, and since then there have been just four sessions when the stock has closed with gains, data shows. For the rest of the days, it has crumbled under selling pressure. Most analysts are neutral on the counter and don’t see much upside in it.

Adani Transmission’s scrip jumped to a high of Rs 2,029.65 as against Rs 1,953 at the previous close on the BSE.

A total of 14,580 shares changed hands on the counter till 10:30AM (IST)

NCL Industries Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 747.70 Crore) operating in Cement sector.

As of 31-Mar-2022, promoters held 51.09 per cent stake in the company, while FIIs held 12.06 per cent and domestic institutional investors had 3.58 per cent.

"Given where the market is currently, it will be prudent to start the reinvestment process or at best split it over a couple of months. In terms of risk areas, the commodity price increase in energy, as well as food, has driven up inflation and will also crowd up out some other consumption. Plus, rupee depreciation remains a clear and present danger that I have been warning about for at least six months."

“At this point in time, our preference within the metal pack is for nonferrous over ferrous. In the case of ferrous metals, we believe there is going to be some degree of volatility over a period of time unless and until there is significant policy push from China to revive demand we will possibly see prices having topped out.”

"With the RBI Policy & US inflation data scheduled to be released in the coming week, it should be a tricky week for traders. Friday’s session saw the unwinding of longs in the Nifty Futures (COI -5.2%) while Banknifty Futures saw the addition of shorts as COI was up 4.8%. However, if we breach 16,500, we may see Nifty testing 16,300 on the downside."

Kansai Nerolac Paints Ltd., incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 22122.65 Crore) operating in Building Materials sector.