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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."

“The market has had a slightly knee-jerk reaction to the imposition of import duty on gold and export duty on fuel. I think it is a tough job to govern a country like ours, especially when there are so many uncertainties. We will have to give the government a little bit of a long rope and say perhaps it is the best they could do in these circumstances.”

"Although the Nifty has bounced from the 15200-15000 zone, it is not yet out of the woods. Structurally, the index can remain in a consolidation mode in July. 16000-16200 is a key resistance zone for the benchmark index, which is expected to keep pressure on the higher side. On the downside, the index may revisit the 15200-15000 zone where it can attract buying support again."