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It seems investors remembered that the best defense is a good offense, with the market’s version of that adage being buy the rumor, sell the fact — prepare for downside when Russian troops are massing at the border, put the risk back on once they cross it.

The stock quoted a 52-week high of Rs 7595.25 and a 52-week low of Rs 3525.95.

Market analysts noted that the new eligibility criteria has helped Nykaa and Paytm to get included in Nifty Next50. Amid worries over rich valuations, investors have dumped these new-age tech stocks.

A total of 39,713 shares changed hands on the counter till 12:33PM (IST)

On the technical charts, the 200-day moving average of the stock stood at Rs 146.49.

“JS Auto will accelerate our diversification journey and enable in addressing the decarbonisation opportunity,” Amit Kalyani, deputy managing director at Bharat Forge was quoted as saying. This acquisition will significantly broaden Bharat Forge’s presence, capabilities and product offerings in the industrial space, he said.

“The bigger and more extreme sanctions have not been imposed, which is targeting financial institutions and banks in Russia and cutting them off from ruble convertibility and US dollar settlement. If that happens, the oil market in particular will start pricing in retaliatory measures from Russia. We believe that the market is going to start pricing oil up to about $110 average in the second quarter and that might go down to about $100 in the third quarter. In the middle of the quarter it could spike to $120.”

Russia’s central bank and private sector have almost $1 trillion of liquid wealth, with a much larger share of this held in U.S. dollars than most people realize, even after the country sold all its Treasuries holdings in 2018, Pozsar wrote.

Questioning the definition of bull and bear markets, Vijay Kedia said everybody defines it according to their own portfolios.

For the quarter under review, the company’s sales rose 35.49 per cent to Rs 644.15 crore as against Rs 475.43 crore during the previous quarter ended December 2020, reports said.