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Analysts said operating margins for select pockets may come under pressure, as not all companies would be able to pass on the entire cost burden to consumers. Then, there is competition and also certain policies aimed at restricting inflation, which may hurt certain sectors in the short term, they said.

Avenue Supermarts, his flagship company and operator of D-Mart, has put the biggest dent in his fortunes during the last quarter as he held 65.2 per cent stake in the company as a promoter.

At the interbank foreign exchange, the rupee opened at 78.97 against the US dollar, then fell to quote 79.03, registering a decline of 9 paise over the last close.

“ITC is in a sweet spot and even the hotels and paper businesses are making very good money now. ITC is still at 3.5% dividend yield for a consumer stock where normally dividend yields tend to be one percent or below. I would think that there are no real sellers in ITC. If buying continues the stock can still trend up.”

Coforge Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 21246.81 Crore) operating in IT Software sector.

A total of 28,271 shares changed hands on the counter till 11:16AM (IST).

KDDI said in a statement at 9:00 a.m. on Monday (0000 GMT) that data transmission had been broadly restored but users might experience difficulty in making voice calls due to restrictions. The disruption, which began in the early hours of Saturday morning, was caused by equipment malfunction and affected services from weather data to parcel delivery and banking.

Stocks that were in focus included RIL which fell more than 7 per cent, MRPL which was down nearly 10 per cent, and ONGC which saw a dip of over 13 per cent.

Barring Dogecoin, XRP and Tron, the majority of the crypto tokens were trading lower. However, losses were not too steep during the hourly hours. Cardano shed 2 per cent, whereas Bitcoin and Ethereum retreated a per cent each.

"Our view is that from a 5–7-year perspective, many of these variables will play out and get reflected appropriately in stock prices. High-quality businesses with dominant competitive advantages have the appropriate levers to pull in difficult periods and we believe that they in fact will come through this period and go on to become larger and more dominant."