Weakening U.S. economic data knocked it off that perch, and a survey released on Friday showed consumer confidence at a record low, giving another prompt for investors to cut back bets on U.S. interest rate hikes.

"For BSE 500 stocks, almost 60% of the stocks are down more than 30% from their all-time highs. Given, this we are evaluating good quality companies trading at reasonable valuations. We are looking at companies that are market leaders in their sectors and sub-sectors, have strong Balance Sheet and leverage and return ratios, and where valuations are reasonable."

Bitcoin and Ethereum dropped a per cent each, whereas Avalanche and Solana plunged 3-4 per cent each. Dogecoin zoomed 11 per cent and Tron gained 4 per cent.

"One must always pay heed to valuations. Buy good stocks at value. That is the mantra for making superior and risk-adjusted returns in the market. Conservative investors can also look at stocks that will give a 5%+ sustainable yield for the foreseeable future. There are many such stocks in the market. Some portion of the portfolio can be allocated to these types of stocks. "

Eicher Motors Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 78688.43 Crore) operating in Auto sector.

Reliance Capital had pledged the shares in its unit RGI as security against funds raised by group companies through the issue of non-convertible debentures in FY19. IDBI Trusteeship, custodian of the RGI shares, says it doesn’t have permission from the debenture holders to release the pledged shares — representing a 37% stake in the insurance unit — according to the people cited above.

The Tata Group and private equity fund Bain Capital are evaluating the $1-1.5 billion buyout opportunity but are yet to firm up any plans, said the people mentioned above.

Four of the Group of Seven (G7) rich nations moved to ban imports of Russian gold on Sunday to tighten the sanctions squeeze on Moscow and cut off its means of financing the invasion of Ukraine.

Monday is the record date for dividends by Welspun India. Welspun India (Rs 0.15 per share) had announced its final dividend. The stock went ex-dividend on Thursday.

GLOBAL-Asian stocks buoyed by Wall Street gains as easing oil cools inflation fears