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The worst fall was seen in TV18 Broadcast, which lost 25 per cent or a fourth of its value last week, to Rs 53.70 apiece. Bodhi Tree Systems is set to raise and invest Rs 13,500 crore in Viacom18, a 51:49 joint venture between Reliance Industries-owned TV18 and Paramount Global.

Many investors now deem NFTs as legitimate investments. But much of the NFT market lacks structure.

The BSE Bankex gained 9.5% in the past one year compared to a 15.8% rally in the Sensex. The underperformance of banks has been on account of a lack of growth and rich valuations, especially retail lenders.

The S&P 500 has gained or lost 2% or more in a day some 32 times so far in 2022, compared to 24 such days in all of 2021.

According to HDFC Securities Research Analyst Dilip Parmar, the rupee appreciated on the expectation of better inflows, a retreat in the dollar index and a rebound in risk assets.

The BSE Sensex ended the week at 57,060.87, down 850.81 points or 1.47 per cent. The NSE Nifty50 fell 291 points or 1.67 per cent for the week to 17,102.55.

The Dow Jones Industrial Average fell 129.4 points, or 0.38%, at the open to 33,787.01.

On whether there is enough money on the table, he said, "It is based on the perception of the market. LIC is starting at low VNB and has potential to grow".

According to a regulatory filing, the consolidated income from operations grew 32 per cent during the quarter under review to Rs 3,481 crore. In the same period a year ago, it stood at Rs 2,636 crore.

LIC has fixed a price band of Rs 902-949 apiece with a minimum lot size of 15 equity shares. The company has announced a discount of Rs 60 per share for the policyholders, whereas retail bidders will get a discount of Rs 45 per share.