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On the technical charts, the RSI of the stock stood at 34.71.

“The big risk is actually the dollar index. For some reason, the dollar may strengthen further because it is sometimes used as a risk haven currency as well. Also, two months down the line, we may find the Fed tightening much faster than the other developed markets. RBI is probably building in the fact that economic growth is not going to pick up in a hurry in India. The output gap is likely to stay negative all through FY23.”

The central bank also announced a slew of measures on Sunday to support domestic markets.

A total of 10,997 shares changed hands on the counter till 12:54PM (IST).

Does size matter? Can LIC compete with the more nimble-footed private insurers? Beyond the eye-popping numbers and optics lie some uncomfortable truths. ET Wealth delved deep into the numbers in the DRHP and sifted the good, the bad and downright ugly to get the complete picture. Here’s what we found.

Barring the US dollar-pegged USD Coin, all of the top digital tokens were trading lower. Avalanche tanked over 7 per cent while Terra tumbled 5 per cent. Ethereum declined 4 per cent.

At 9.30 am, BSE Sensex was ruling at 54,938.42, down 920.10 points or 1.65 per cent. The NSE Nifty stood at 16,373.95, down 284.45 points or 1.71 per cent.

In the spot market, highest purity gold was sold at Rs 50,664 per 10 gram while silver was priced at Rs 65,174 per kg on Thursday, according to the Indian Bullion and Jewellers Association.

“We have a big week coming up. The Fed chairman is going to speak. We have the jobs report coming up and then we have all the other data coming out and so this week is going to be very important to see where the dust will settle and how the market will accept all this geopolitical pressure with all this data coming out. ”

Aurobindo’s scrip fell to a low of Rs 612.60, 2 per cent lower than previous close on the National Stock Exchange, while Sun Pharma’s counter slid as much as 1.3 per cent to a low of Rs 821.