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The stock quoted a 52-week high price of Rs 1147.9 and low of Rs 753.45.

In the late evening meeting on Friday, lenders raised concerns over the worth of their securities as Future Retail had raised loans from domestic lenders by hypothecating all present and future inventories within the stores. "This has amounted to alienation of assets hypothecated to us without our approval," said one of the lenders.

The euro tumbled to a fresh 22-month low on the dollar and hit multi-year troughs on the yen, Swiss franc and sterling as war in Ukraine drove up commodity prices and stoked fears of a stagflationary shock that would hurt Europe most of all.

Should long-term investors use the extreme volatility in the stock market to place their bets? Or, should they sit this period out.

Two people with direct knowledge of the negotiations told ET that the deal is "moving quickly toward fruition" and will result in the combined behemoth owning more than 1,200 screens. The number of screens run by the next biggest entity, INOX Leisure, is just about half of what the merged company would operate.

“Due to war uncertainties, central banks may balance their hawkish policy against expected earlier due to high inflation. It can provide leeway to the market in the short term,” said Vinod Nair, Head of Research at Geojit Financial Services.

If we draw an adjusted trend line, the levels of 16,133 may act as an most immediate support levels for Nifty.

Cryptocurrency, however, is now acting as a double-edged sword. Although it is a great alternative when it comes to receiving monetary aid directly and it is also a tool to circumvent the monetary sanctions imposed on the Russian oligarchs and the Russian government.

FPI flows are expected to be volatile in the coming months, due to the ongoing Russian invasion of Ukraine and its fallout in the form of sanctions, high inflation and likely increase in interest rate by Fed.

Generally, in a highly volatile market, investors tend to play safe and refrain from making fresh investments. Thus, the equity market needs to be stable, so that investors can get the confidence to make the investment in the LIC IPO.