The stock quoted a 52-week high price of Rs 449.8 and low of Rs 231.95.

“Price stability is definitely uppermost in our minds and price stability basically means maintaining and adhering to the inflation target,” Das said at a press conference after the RBI’s central board meeting.

The Relative Strength Index of the stock stood at 37.95 on Monday.

In the last 20 years, Nithin Kamath said he has not seen anyone who has kept profits from trading, without good risk management.

A total of 105,345 shares changed hands on the counter till time (IST).

The IT sector giant had announced buyback of up to 4 crore equity shares spending Rs 18,000 crore. About 15 per cent of the offer is reserved for retail shareholders

On a year-on-year basis, the total income clocked in at Rs 8,860.62 crore as against Rs 7,982.74 crore.

“The market needs to give up some gains. Technology, financials, etc, could take a hit in the near term. I believe that there is a huge risk premium in oil and that might give away and give some relief. We need to let the markets settle down lower, Longer term markets always do well.”

The partially convertible rupee opened at 75.5430/$1 as against 75.3800/$1 at previous close. So far in the day, the Indian currency moved in a band of 75.5680-75.5920/$1.

The Nifty IT index was trading 0.39 per cent down at 34246.5.