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In tandem with the heavy sell-off in equities, the market capitalisation of BSE-listed companies plunged by Rs 11,28,214.05 crore in four days to stand at Rs 2,41,10,831.04 crore.

The idea that such small changes can lead to dramatically different outcomes does not come naturally to us. We often link success (in a highly competitive sport or industry) to making big-bang changes. But as we just saw, that might not always be the case.

“Since a lot of bad things are already priced in most of the prices right now except maybe our yields, probably we will see less depreciation going from here. Technically speaking, 77.19, 77.20 looks a little stable. Basically it may not break above that in this rally itself but the big question is where the oil price is going. ”

The shares, listed on November 18 last year, enjoyed a market value of just over Rs 1.39 lakh crore at the issue price of Rs 2,150.

A bear grip is confirmed when an index or a stock plunges 20 per cent or more from its most recent high.

The Mumbai-based real estate player is eyeing to raise Rs 500 crore via its primary offering, which will entirely consist of fresh issue of shares.

The stock quoted a 52-week high price of Rs 4577.45 and low of Rs 2475.3.

On the technical charts, the 200-day moving average of the stock stood at Rs 1922.45.

The energy sub-sector bucked the trend, rising 4.81% as worries that Russian oil supplies would soon be choked off sent crude prices sharply higher.

Johnson Controls-Hitachi Air Conditioning India Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 4902.52 Crore) operating in Consumer Durables sector.