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To be sure, the rupee may have fallen to record lows, but the currency still remains a relative outperformer among Asian emerging market peers, especially when compared with China. The Yuan has fallen 5.52% this year. The rupee lost more than 4% to the dollar this calendar year, ranking sixth among Asian peers.

“With regards to the Nifty Bank index, 34,500 could be the breakout level and above the same, we might see some relief for the banking stocks.”

About 20 minutes into trading, the Dow Jones Industrial Average was down 1.5 percent at 32,395.81.

​​ The company said it classified it as a bad loan despite the accounts being maintained regularly and provided for the full amount of Rs 3.93 crore. This disclosure led to heavy selling in the counter. It eventually ended down about 5 per cent at Rs 520.

The initial public offering (IPO) of Campus Activewear was open for subscription between April 26-28 wherein the company raised Rs 1,400.14 crore by selling its shares in the range of Rs 278-292 per equity share.

Mohammad said if traders are sitting on short positions, they will be better off by covering them, whereas some stability may offer an opportunity to play for a pullback move on the long side.

Besides startups, many new areas are now actively deploying blitzscaling. Hindi movie distribution is one such area — the release is hyped beyond measure to make sure that the maximum business is done in the opening weekend even before viewers’ opinions have a chance to spread. Also, increasingly and sadly, to finance as well.

“Campus is the market leader by far. We are growing faster than the market amongst all of our peers with almost 2X to 3X the volume of our next largest competitor. Going forward as well, we expect to continue to maintain the momentum that we have demonstrated over the last 10 years.”

"The instant adjudication proceedings initiated against the noticee (UPL) vide SCN (show cause notice) dated September 3, 2021 are disposed of," Sebi said in a settlement order passed on Friday.

The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) of equity shares by certain shareholders to the tune of Rs 400 crore, Inox Wind said in a BSE filing.