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On the technical charts, the RSI of the stock stood at 47.66.

The offer for sale comprises equity shares of up to Rs 75 crore by Boman Rustom Irani, up to Rs 37.5 crore by Percy Sorabji Chowdhry and up to Rs 37.5 crore by Chandresh Dinesh Mehta.

Data showed the BSE market capitalisation, which includes the market value on all BSE listed stocks, fell by Rs 5.71 lakh crore to Rs 246.12 lakh crore in morning trade from Rs 251.84 lakh crore on Friday.

Gold futures on MCX were trading lower, declining 0.18 per cent or Rs 91 to Rs 51,610 per 10 grams. However, silver futures plunged 0.80 per cent or Rs 498 to Rs 61,431 per kg.In the spot market, the highest purity gold was sold at Rs 50,935 per 10 grams while silver was priced at Rs 60,881 per kg on Friday, according to the Indian Bullion and Jewellers Association.

Max Life Insurance company acquired 24.6 lakh equity shares in the financial firm and Nomura India Investment Fund Mother Fund bought 44,74,548 shares of the firm.

Shares of RBL Bank plunged 19 per cent to Rs 92.95. The scrip had settled at Rs 113.35 on Friday.

“Maybe the market will fall another 4-5%. If it falls then we could start nibbling because we do not know where the exact bottom will be, what we need to start buying when we think the downside potential is lesser than the upside potential. That could come closer to the 15,000 level of the Nifty.”

Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 74175.49 Crore) operating in Auto sector.

The oil and gas stock with a market capitalisation of more than Rs 32,000 crore as of 10 June 2022, hit a 52-week high of Rs 306 on 9 June 2022.On the price front, the stock is trading above its short and long term moving averages of 5,10,30,50,100 and 200-DMA which is a positive sign for the bulls.

Ashok Leyland Ltd. key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2021.