As the carnage grows deeper in the broader market, Dalal Street is now full of pessimism. Amid heavy FII outflows, retail and other domestic investors have not been able to save Sensex. Market veteran Shankar Sharma says in situations like this, one should keep it simple - buy strength and not weakness.

"We generally tend to ignore negative news about something or give more credence to some positive news. Our ability to spot positive news more and ignore negative news is one of the things. Because of confirmation bias, investors stick to loss-making investments because they believe they will do well."

The crypto market is highly volatile and hence the risk-reward ratio is high. If an investor can learn risk management effectively, he/she can gain sizeable returns in the long run. Mock trading not only helps with buy/sell strategies but also with the psychological aspects of investing.

Bitcoin, the largest cryptocurrency by market value, last rose 4.85% to $29,925, rebounding from a December 2020-low of $25,400 which it hit on Thursday.

“In the past, Indian markets have always underperformed EMs after big FII selling since they influenced the prices. However, this time India’s outperformance remains at historic high. This is also resulting in incremental foreign liquidity moving into other underperforming EMs (largely China).”

The broader market represented by BSE500 ended flat on Friday, and yet it ended up as the worst hit index, falling 1,083.33 points or 4.81 per cent for the week to 21,458.89. A total of 447 index stocks fell and only 53 could end higher.

The Delhivery offer comprises a fresh issue of shares for Rs 4,000 crore and an offer for sale by some existing shareholders aggregating Rs 1,235 crore. The company cut the issue size to Rs 5,235 crore from the Rs 7,460 crore it had planned earlier due to challenging market conditions.

Some of the stocks that have been included in the smallcap index include Aptus Value HSG Finance, Bharat Dynamics, Easy Trip Planners, Go Fashions India, Greaves Cotton, Greenpanel Industries and Gujarat Alkalies, among others.

The Nifty ended down 25.85 points, or 0.2%, at 15,782.15. The Sensex ended down 136.69 points, or 0.3%, at 52,793.62. Both indices had gained as much as 1.7% earlier in the day. Nifty Midcap 100 and Smallcap 100 indices ended 1% higher.

Most retail investors, who have subscribed to the issue, received allotment as the category was subscribed two times. In the retail category, share allotment was done based on the draw of lots. This means 50% of the applicants got allotment of at least 15 shares.