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While market gurus are divided over whether we are in the mid of a bear phase or a correction in a bull market that began in the aftermath of the Covid-led crash in March 2020, most experts believe that the weakness may continue ahead of the Fed meeting outcome on Wednesday.

Three of these companies commanded m-caps of about Rs 1 lakh crore on their respective listing days.At 12.26 pm, Zomato was trading at Rs 66.45, down 3.84 per cent. The food aggregator holds an m-cap of Rs 52,320.44 crore compared with Rs 98,731.59 crore on July 23, 2021, its listing day

Promoters held 38.17 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 33.99 per cent and 11.9 per cent, respectively.

A total of 484,221 shares changed hands on the counter till 01:13PM (IST).

The stock quoted a 52-week high of Rs 354.55 and a 52-week low of Rs 225.1.

“I am expecting some kind of action to bring down the volatility. RBI definitely does not and they have already said many times that they do not have any number in mind. However, if it becomes too volatile and has other repercussions including on the inflation side, I think they will come in sometime. They have their own reasons not to come in but I do expect it.”

In line with weak trend in equities, the market capitalisation of BSE-listed firms eroded by Rs 5,47,410.81 crore to Rs 2,46,36,948.05 crore in morning trade.

ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.

A total of 11,227 shares changed hands on the counter till 12:07PM (IST).

The stock quoted a 52-week high price of Rs 1017.15 and a 52-week low of Rs 511.8.