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Under this expansion, the company plans to set up three manufacturing units at an investment of around ₹300 crore in luxury surfaces and bathware segments.

The Dow Jones Industrial Average fell 201.94 points, or 0.58%, to 34,552.99, the S&P 500 lost 1.94 points, or 0.04%, to 4,461.18 and the Nasdaq Composite dropped 55.38 points, or 0.4%, to 13,838.46.

"Berkshire will be the perfect permanent home for Alleghany, a company that I have closely observed for 60 years," Buffett, who has run Berkshire since 1965, said in a statement.

Online food delivery service provider Zomato plans to deliver food to its customers in record 10 minutes, following the footsteps of grocery delivery companies, Deepinder Goyal, the founder said in a tweet.

Nifty50 on Monday fell nearly 1 per cent after two days of back-to-back rise. With this, the index slipped below its 50-day moving average and formed a bearish candle on the daily chart. Analysts are not so worried as they believe strong support for the index is placed around 17,000, which also coincides with the 200-day moving average.

"This very sharp spike in commodity prices is actually having relatively mixed impacts ... because we have some notable commodity exporters in this region, who would possibly stand to benefit," said Manishi Raychaudhuri, Asia-Pacific equity strategist at BNP Paribas.

Front-month West Texas Intermediate futures were up $2.21, or 1.97%, to $114.33 a barrel on NYMEX and Brent futures were up $2.51, or 2.26%, to $118.23 a barrel on the Intercontinental Exchange at 0014 GMT. Both contracts had settled up more than 7% on Monday as the potential for more supply disruptions weighed on the market.

Voltas, incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 42641.12 Crore) operating in Consumer Durables sector.

“While one does not have to be afraid or fearful of the market, there is no harm in being cautious; there is no harm in following the dharma of asset allocation. This is the market which is fairly valued. One should be equal allocation to equity, not leverage, not overweight, keeping in mind the long-term India growth story. This is the time to have equal weight on equity.”

“In an environment where interest rates are likely to head up, liquidity is likely to come down, the smallcap does better and especially given the macroeconomic and geopolitical environment, one can be wrong and therefore one needs to do asset allocation. But I would think that for most investors, one is better off looking at a larger cap rather than the smallcaps.”