"There are fundamental reasons behind FII selloff. India was relatively expensive to start with and that has added some kind of fuel to the fire to the current account worsening for India as a consequence of the fuel prices rising and the consequent weakness to the currency," Raychaudhuri told ET NOW.

"The exact quantum of increase will be subject to the specific model and market," it said, adding that the price revision has been necessitated to partially offset the steadily growing overall cost inflation, including commodity prices.

An analysis of past recessions in 2008 (global financial crisis) and 2020 (pandemic) shows that stock prices override fundamentals as recession fears set in but surges later on as revenue catches up to the pre-recession trend a year or two into recovery.

A total of 12,003 shares changed hands on the counter till 12:17PM (IST).

"Rupee to trade in a range of 78 to 78.40 as foreign portfolio investors (FPI) continue to buy US dollar, along with oil companies while the Reserve Bank of India continues to sell and protect the rupee," Bhansali said.

“As women, we struggle with equity as well as debt fund raising and the number of women founders should go to 30-40% over the next decade. Hopefully we will have a similar ratio in terms of the number of women getting funded as well because without access to capital, it is hard to scale and build large enterprises.”

Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 17893.15 Crore) operating in Chemicals sector.

The stock quoted a 52-week high price of Rs 3000.0 and low of Rs 860.5.

"UFlex-Asepto will be the first company in India to commission a U-shaped paper straw manufacturing facility offering a production capacity of approximately 6 billion straws annually at peak. The production will commence in Q2FY23. The current market potential in India is approximately similar to our planned production capacity and we are fully committed to supporting all our business partners in the dairy and beverage industry."

A total of 37,991 shares changed hands on the counter till 10:10AM (IST)