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The Dow Jones Industrial Average fell 139.23 points, or 0.41%, at the open to 33,655.43.

In the international market, both gold and silver were flat at USD 1,936 an ounce and USD 25.40 an ounce respectively.

The mortgage lender has called a board meeting next week to consider this plan. The size of the proposed fundraising was not disclosed.

“FMCG companies are going to be hit by higher input prices and so margins will take a hit because they are passing on all the higher input prices. So even if you are hiding in what would usually be a defensive sector, because of the Russia-Ukraine war and because of higher input prices,earnings will be cut for a lot of these companies. So if you got some cash, it is not a bad place to be.”

In the last 12 sessions, the Nifty auto index has closed with a cut in eleven instances. The index has fallen 14 per cent in the period. The selling has only intensified in the last few days in March.

“Originally I thought we will probably see a drop in terms of new user acquisition when the market would have a drawdown. But at least for now, it is sustainable. Last Thursday, when the markets were down 5%, we opened the maximum number of accounts in a single day till date. A lot of people are tracking the markets and are looking for opportunities to enter the market.”

As of 31-Dec-2021, promoters held 38.18 per cent stake in the company, while FIIs held 18.57 per cent and domestic institutional investors had 3.14 per cent.

The crypto community, particularly in India, is getting an adrenaline rush with big names joining the crypto and blockchain space. They are seeing it as a good omen for the industry at large, with a hunch of more additions soon.

​In the past, every time foreign investors pulled money out of India, the market would buckle under selling pressure. But thanks to heavy domestic flows, that selling is being offset now.

The stock quoted a 52-week high price of Rs 371.15 and a 52-week low of Rs 229.65.