Worries about a new strain of the virus, named Omicron and classified by the World Health Organisation as a variant of concern, slammed markets worldwide and dealt the S&P 500 index its biggest one-day percentage loss in nine months. The moves came a day after the U.S. Thanksgiving holiday when thin volume likely exacerbated the moves.

While investor expectations were more or less in line this time, further damage on the margin front is possible in the coming quarters.

This share acquisition is expected to be completed, in two tranches, within eight months from the date of execution of the Agreements.

“On sharp corrections, we would continue to add on to financials, industrials, normal consumption themes remain as they are bigger compounders, emerging themes like PLI, the whole digitally enabled business ecosystem and the gig work themes.”

The central bank has accepted 21 out of the 33 recommendations made by the internal panel with certain modifications. Among the most important recommendations accepted by the RBI is raising the long-term holding cap of promoters in private sector banks to 26 per cent from 15 per cent currently.

The pricing formula for allotment of shares under preferential issue should be the Volume-Weighted Average Price (VWAP)of weekly highs and lows for 60 trading days or 10 trading days, whichever is higher, the watchdog said in a consultation paper.

The Nifty IT index closed 1.97 per cent down at 34606.15.

The IPO comprises fresh issuance of equity shares worth Rs 300 crore and an offer for sale (OFS) of 89.22 lakh equity shares by promoter and existing shareholders, according to the Draft Red Herring Prospectus (DRHP).

Companies and governments worldwide are showing a renewed interest in building cyber resilience following several high-profile attacks. This has translated into high demand for next-gen cybersecurity products (software and hardware), which has led to cybersecurity companies reporting strong numbers in 2021.

“I do not think there is anything to panic about because signs of economic revival are so strong that people have started talking about inflation.”