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“New leaders of the market are emerging. Auto, infra, engineering and telecom are the sectors which are more India centric stocks and should emerge as leaders because of the capex cycle. We like to capitalise on anything which is a derivative of the capex cycle and that includes banking also.”

“At the best of times, it is impossible to forecast the market, But volatility is so high you should not even try. I know it is your job to tell people what is going to happen, but you do not know, and I do not know, and they do not know.”

The rupee plunged by 46 paise to close at record low of 78.83 (provisional) against the US dollar on Tuesday, weighed down by persistent foreign capital outflows and a surge in crude oil prices.In the international market, gold was trading higher at USD 1,827 per ounce while silver was flat at USD 21.27 per ounce.

The company, in consultation with the lead bankers to the issue, may consider a preferential issue of equity shares or any other method aggregating up to Rs 200 crore. If such placement is completed, the fresh issue size will be reduced, a company release suggested.

“There is a general perception in the market that midcaps are risky. We do not feel so because risk is doing something that you do not understand. If you are investing with a three-four year view, we still feel midcaps offer better value and better growth prospects than largecaps. But if you own less volatility, then obviously largecaps should be picked up.”

Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 112654.67 Crore) operating in Mining sector.

The merge finally happening would prove a big relief for ether, which has slumped on past delays and waning confidence in the upgrade. The second-biggest cryptocurrency was last trading at around $1,200, down from just over $3,500 in April, though much of the recent pessimism about the upgrade has been swamped by wider recent market ructions.

Health authorities said China would halve to seven days its COVID-19 quarantine period for visitors from overseas, with a further three days spent at home, while Beijing and Shanghai reported no new local COVID-19 infections for the first time in months.

With over 18 years of experience, Bafna has built a sustainable marketplace revenue model in e-commerce companies such as Myntra and Flipkart as well as led the finance workstreams at IT services major Wipro.

On the technical charts, the RSI of the stock stood at 37.31.