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Yields jumped an average of 10 basis points during the most significant crude spikes in recent history, with India’s five-year bond showing the most consistent reaction, according to a Bloomberg analysis of seven such events dating back to 2015.

UPL, in a regulatory filing, said it will offload the stake for a consideration of Rs 1.75 crore and the deal is expected to be completed by March 31 this year.

“In the short term, crude price rise is not going to matter so much because we have some finished goods and raw materials which will last March and possibly till April. It is going to impact us in the first quarter of next year in terms of profitability. That is definitely going to happen if we do not raise prices and price rise will impact demand.”

Amid the global volatility, the demand for the virtual asset class has increased with daily traded volume hovering around the $100 billion mark.

The stock quoted a 52-week high of Rs 400.95 and a 52-week low of Rs 209.8.

Van Eck said in an SEC filing on Wednesday the ETF would temporarily suspend the creation of new shares until further notice, citing "significant declines" in the value of Russian securities and the rouble.

A total of 28,158 shares changed hands on the counter till time (IST).

“It is more important to know which stocks to stay away from. If you do that, half of your job is done and then if you are able to pick the right stocks in these sectors, your full job is done. Whenever there is a correction in the market like we have now, though things will not look good to enter the market but that is actually the time to take the bet.”

On the technical charts, the 200-day moving average of the stock stood at Rs 606.91.

“If energy sanctions are imposed against Russia, then the previous oil price highs will be taken out. If that does not happen and we do not see any further escalation in terms of the war itself, there is still a good probability that the oil prices will probably move back towards $100 than hit those record highs.”