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Gold prices traded weak with spot gold prices at COMEX trading 0.70 per cent down... Gold prices traded under pressure on stronger dollar and rise in US bond yields," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities

"It is not a pleasant sight to be looking at the markets this way, but it is not unexpected. This whole year is going to be a weak year from the returns perspective and while the market has seemingly corrected to less than 16,000 on Nifty50, I really do not think that we will still be making positive returns from here on in the remainder of the year," said Mahesh Nandurkar of Jefferies told ET NOW.

The stock quoted a 52-week high price of Rs 440.75 and low of Rs 242.6.

Selling in the Indian market is largely on account of weak global cues, and aggressive rate hikes by central bankers across the globe which could squeeze liquidity, supply shock, rise in inflation, and demand contraction. The volatility is here to stay, highlights experts.​

Amid the continuous shortage of vital supplies for the auto and electronics industry, India and governments around the globe are trying to support the construction of semiconductor and display factories.

A total of 25,142 shares changed hands on the counter till 02:09PM (IST)

Gross domestic product (GDP) contracted by 0.3% from March, while over the three months to April, GDP was up by 0.2%, slowing sharply from growth of 0.8% in the three months to March, official data showed.

The company said it plans to raise long-term funds by way of issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) on private placement basis up to Rs 925 crore, subject to its borrowing limits as approved by the shareholders.

“From a global investor point of view, the bottom fishing story could go to some of the value markets which have corrected far more than what India has done. I would continue to stay on the cautious lines and do not really see any big money making ideas from the broader market as such. ”

HG Infra Engineering won orders worth Rs 2,180 crore and Rs 4,330 crore during FY21 and FY22, respectively. The current order book of Rs 7,970 crore provides visibility for 2.2x TTM revenue, it said.Axis Capital sees order inflow in the range of Rs 9,000-10,000 crore in FY23 with EBITDA margins in the range of 15.5-16 per cent.