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Ravi Singh, Vice President and Head of Research, ShareIndia said that gold prices are soaring on account of escalating tensions between Ukraine and Russia and uncontrollable global inflation. Investors and central banks are rushing to procure gold, he added.

The market cap of Adani Wilmar was near the Rs 55,000 crore mark during its peak, which briefly touched Rs 45,000 crore on Monday. The scrip is down about 18 per cent from its peak.

"Sentiment has turned very negative for the short-term, with the heightened tension over the Ukraine crisis. The weakness in global markets is the direct fallout of the Ukraine crisis. Crude at a seven-year high is another major macro concern for India," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Inox Wind fell to a low of Rs 118.25 as against the previous close of Rs 128.30 on the National Stock Exchange.

A total of 30,431 shares changed hands on the counter till 10:35AM (IST).

On a consolidated basis, the company reported a loss of Rs 108 crore compared to a profit of Rs 38 crore a year ago. Revenue grew by 12 per cent to Rs 6,660 crore while EBITDA declined by 12 per cent to Rs 658 crore. EBITDA margin narrowed 267 basis points to 9.9 per cent.

Godrej Industries Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 19220.65 Crore) operating in Diversified sector.

The stock traded at a P/E multiple of 6.35, while the price-to-book value ratio stood at 1.37.

The Nifty Pharma index was trading 0.67 per cent down at 13419.9.

As the IPO prospectus notes, the recalibration will bring LIC in line with its private-sector rivals, but it may also “reduce the attractiveness of our participating products, which could have an adverse effect on our business, financial condition, results of operations and cash flows.”