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Russia has been severed from global financial markets, and its stocks and bonds ejected from indexes after Western nations imposed sweeping sanctions to punish Moscow for its Feb. 24 invasion of Ukraine.

“The second-hand car demand is very high and we see people wanting to buy a second hand car. There is a delay in availability of the new vehicles and so if people want a car, they may prefer to go for a second hand car. Also, for some, the new car price is very high and if the use is very limited, may be they are looking at pre-owned vehicles.”

However, despite the sharp fall in the price, the supremacy of Bitcoin among crypto tokens has increased. Bitcoin’s dominance is currently 41.64 per cent, which was around 36-38 per cent at the peak.

Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher said the company has witnessed a one-way correction from recent highs, hitting a new-52 week low. It is now in the oversold zone.

In this fall, 40 constituents of the index have delivered negative returns to investors. Unfortunately, these 40 bluechip counters have wiped out Rs 15.85 lakh crore from the investor kitty.

Emkay Global expects Asian Paints to log a 1.3 per cent year-on-year (YoY) drop in net profit at Rs 841 crore compared with Rs 852.10 crore in the corresponding quarter last year. Sales are seen rising 21.1 per cent YoY to Rs 8,053.80 crore from Rs 6,651.40 crore in the same quarter last year.

All the five categories were fully subscribed, the BSE data suggested. The portion for policyholders was subscribed 5.35 times, whereas the employee quota was subscribed close to 4 times.

The Relative Strength Index of the stock stood at 35.03 on Monday.

“The extreme scenario which is getting built in terms of behaviour data points are all showing extreme signs of pessimism. So, one sharp up move is around the corner. Whether it happened today, tomorrow or in the next five trading sessions, we are closer to that inflection point where it should see a sharp reversal. I will look for this opportunity to buy rather than panic too much about it.”

A total of 522,974 shares changed hands on the counter till 01:57PM (IST)