“As long as there are no big triggers, global markets and more so India, would go into a phase of consolidation and this will be more of a time wise correction. Bond yields would drive other asset classes now including equity.”

A total of 35,563 shares changed hands on the counter till 01:52PM (IST).

The stock quoted a 52-week high of Rs 5122.0 and a 52-week low of Rs 1762.4.

Persistent Systems Ltd. key Products/Revenue Segments include Software Services and Software Licence for the year ending 31-Mar-2021.

On BSE, the stock traded at Rs 576, down nearly 4 per cent. The stock has tumbled over 13 per cent in the last two sessions.

“FPIs are concerned about potential impact on their processes around timelines and funding patterns. Sebi has wisely decided to let the invisible hand of the market players decide the best next steps. ”

“Evergrande seems like China’s Lehman moment. Reminds us of IL&FS,” Kotak said in a tweet on microblogging website Twitter.

Promoters held 60.5 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 11.25 per cent and 0.87 per cent, respectively.

The stock quoted a 52-week high price of Rs 2243.0 and a 52-week low of Rs 1182.6.

Bitcoin, the biggest and the best known cryptocurrency, traded around $43,000, recovering from a fall to $40,192 earlier in the session. It hit a four-month high of $52,000 on Sept 6.