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“Every year you will have different worries. It could be inflation, slow growth, any random war or trade war or any of such things. The key is to stick to your strategy because this strategy must be something which works across different risk parameters and risk will keep on emerging, the world has become too volatile.”

The Indian stock market’s value is already down nearly 20% from its January peak of about $3.7 trillion dollars. The unsupportive economic backdrop combined with an unprecedented exodus of foreign investors and earnings estimates that appear poised to tumble cloud the outlook for a rebound.

In the overseas market, gold prices were largely flat but on course for their second straight weekly decline, Reuters reported. Spot gold was last up 0.1 per cent to $1,824.72 per ounce, after hitting a one-week low of $1,820.99 earlier in the session. US gold futures fell 0.2 per cent to $1,825.90.

Strides Pharma Science Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 2836.92 Crore) operating in Pharmaceuticals sector.

Among Sensex stocks, IndusInd Bank climbed 3.57 per cent to Rs 814.75. Hindustan Unilever advanced 2.7 per cent to Rs 2,313. This is even as Hindustan Unilever chairman Nitin Paranjpe said India is going through the most difficult economic situation and persistent inflationary pressures are beginning to weigh on demand.

“We do not have a lot of commodities but whatever we had, we trimmed a significant portion of their weights primarily on valuations because in cyclical upturns, their valuations have started trading at premium valuations compared to their historical bands. We have trimmed that and we are waiting patiently. ”

The stock quoted a 52-week high price of Rs 7462.95 and a 52-week low of Rs 3314.0.

The overseas investment arm of state-owned ONGC has made an oil discovery in a block in Colombia.

​Dish TV promoters maintain that they were neither borrowers nor guarantors for any loans of YES Bank. Senior counsels Darius Khambata and JP Sen along with Gathi Prakash of Cyril Amarchand Mangaldas are appearing for YES Bank and Catalyst Trusteeship, while senior advocate Navroz Seervai appearing for World Crest along with law firm ANB Legal.

With international prices expanding sharply over the last 2-3 months and the continuing freeze on domestic retail prices, estimated losses on petrol and diesel have risen to ₹10.5 and ₹12.5 per litre respectively in the current quarter till the week of June 17, as per brokerage ICICI Securities.