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Ajay Bagga, Market Expert, says Prepare for the worst scenario, do not panic, that is the mantra. I do not think the worst is happening. Re-look at your asset allocation. Do not sell. There is no need to sell India in a scenario like this. Bagga says he has invested in the entire market and bought the indices. There will be a rotation out of sectors and into sectors. He knows the India story and so he bought the 500 indices, and smallcap and midcaps despite the 4% cuts. Bagga also says that this is not 2000, this is still not 2008, there is no contagion yet even though markets across the world are falling but it is not carried positions and contagion that is causing it. Are the markets reacting to yesterday's story or not? After a sell-off of this magnitude, concerns remain over what is happening in global markets and you wonder how insulated India is going to be. What is your view? Ajay Bagga: Definitely, the sentiment has turned quite negative and volatility has increased a lot.

Shares in the American tech giant were down 8.2% in pre-market trading at the time of reporting, according to data from MarketWatch. US equities suffer worst day in two years as Nasdaq loses $1trn Despite the significant selloff in shares, Apple remains Berkshire Hathaway's largest investment, with Buffett's firm still holding about 400 million shares worth $84.2bn. Around 72% of Berkshire Hathaway's aggregate fair value was concentrated in five companies including Apple, Bank of America ($41.1bn), American Express ($35.1bn), the Coca-Cola Company ($25.5bn) and Chevron ($18.6bn). ...

Even as newspaper headlines celebrate equity mutual fund inflows surpassing ₹45,000 crore in June, with systematic investment plans (SIPs) exceeding ₹21,000 crore (growing 9x in the last 10 years), we should remain cognizant that like any true market, equities have two sides to the equation–demand and supply. 

Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 6.31%), Chambal Fertilisers & Chemicals Ltd.(up 2.84%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 2.60%), Rashtriya Chemicals & Fertilizers Ltd.(up 2.59%), Gujarat State Fertilizer & Chemicals Ltd.(up 2.32%), The Fertilisers and Chemicals Travancore Ltd.(up 2.13%), Coromandel International Ltd.(up 2.07%), Zuari Agro Chemicals Ltd.(up 2.02%), Madras Fertilizers Ltd.(up 1.79%) and Aries Agro Ltd.(up 1.77%) were among the top gainers.

Bharti Airtel initially jumped almost 2% in early morning trade on BSE a day after its consolidated net profit for the June quarter rose more than two-and-a-half times from a year earlier and doubled sequentially, helped by an exceptional gain, along with an improvement in average revenue per user (ARPU) and lower finance costs. Airtel shares were eventually trading 0.61% higher at Rs 1474.95 on the exchange.

Yen carry trade and recessionary fears in the US haunting equity investors worldwide, mutual fund investors are worried whether they should book some of the profits or instead gradually increase their SIPs. With the Sensex having fallen 4% from peak, analysts say the market correction provides the investors an opportunity to purchase more units at a lower price. “Investors with a long-term horizon should strongly consider topping up their SIPs during market dips, as this strategy can significantly enhance long-term returns. Market corrections provide an opportunity to purchase more units at a lower price, which can improve overall returns when the market eventually recovers. By regularly investing through SIPs and taking advantage of dips, investors benefit from rupee cost averaging, reducing the impact of market volatility over time,” recommends Sagar Shinde, VP Research, Fisdom. Also Read | 5 equity mutual funds multiplied SIP investments over 2.5 times in 5 years

Bharat Forge Ltd. gained 0.59 per cent to Rs 1560.15 at 10:56AM (IST) in Tuesday's trade. The counter has hit a high of Rs 1606.15 and low of Rs 1558.45 so far during the session. The stock had closed at Rs 1550.9 in the previous session. The counter has had a total traded volume of 14203 shares so far with a value of Rs 2.24 crore on the NSE. It traded at a price-to-earnings multiple of 76.83 and a price-to-book ratio of 7.33.

REC Ltd. traded 1.17 per cent up at Rs 585.85 at 10:51AM (IST) on Tuesday, even as BSE benchmark Sensex gained 424.29 points to 79183.69. The scrip had closed at Rs 579.05 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 653.9 and Rs 198.95, respectively.

MphasiS Ltd. traded at Rs 2679.55 on BSE at 11:16AM (IST) on Tuesday, up 1.07 per cent from previous close. The scrip quoted a 52-week low price of Rs 2068.45 and a high of Rs 3079.2.

The stock quoted a 52-week high price of Rs 1148.3 and low of Rs 635.2.

Brigade Enterprises Ltd.(up 5.72 per cent), Godrej Properties Ltd.(up 3.46 per cent), Prestige Estates Projects Ltd.(up 2.76 per cent), DLF Ltd.(up 2.09 per cent) and Phoenix Mills Ltd.(up 1.86 per cent) were among the top gainers.

PI Industries Ltd. traded 0.55 per cent up at Rs 4244.0 on Tuesday at around 10:45AM (IST), while the benchmark BSE Sensex advanced 317.9 points to 79077.3. As many as 5,690 shares changed hands on the counter with a total value of Rs 2.42 crore.

Bajaj Consumer Care Ltd.(up 5.38%), Patanjali Foods Ltd.(up 4.42%), Jyothy Labs Ltd.(up 3.85%), Nakoda Group Of Industries Ltd.(up 3.57%), Vadilal Industries Ltd.(up 2.70%), Tasty Bite Eatables Ltd.(up 2.42%), Sheetal Cool Products Ltd.(up 2.13%), Emami Ltd.(up 1.97%), Umang Dairies Ltd.(up 1.93%) and Britannia Industries Ltd.(up 1.90%) were among the top gainers.

Gland Pharma Ltd.(up 3.65 per cent), Natco Pharma Ltd.(up 2.57 per cent), Sanofi India Ltd.(up 2.06 per cent), Ipca Laboratories Ltd.(up 2.02 per cent) and Glenmark Pharmaceuticals Ltd.(up 2.01 per cent) were among the top gainers.

SRF Ltd. traded 2.74 per cent up at Rs 2542.35 at 10:15AM (IST) on Tuesday, even as BSE benchmark Sensex gained 743.74 points to 79503.14. The stock had closed at Rs 2474.5 in the previous session. The stock quoted a 52-week high price of Rs 2697.45 and 52-week low of Rs 2081.25, respectively. As per BSE data, total traded volume on the counter till 10:15AM (IST) stood at 4368 shares with a turnover of Rs 1.09 crore.

DLF Ltd. gained 3.35 per cent to Rs 837.35 in Tuesday's trade as of 10:09AM (IST). It hit a high of Rs 844.35 and low of Rs 820.8 during the session. The stock quoted a 52-week high price of Rs 967.0 and a low of Rs 461.55. The return on equity for the stock stood at 6.91 per cent. About 106,309 shares have changed hands on the counter so far.

The NSE Nifty index was trading 243.11 points up at 24298.7, while BSE Sensex was up 763.84 points at 79523.24 at the time of writing this report.

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₹6,145-crore initial public offer of electric two-wheeler company Ola Electric Mobility was completely subscribed on the second day of bidding on Monday.The initial share sale received bids for 49,43,85,840 shares, as against 46,51,59,451 shares on offer, translating into 1.06 times subscription, according to the BSE data.While the quota for non-institutional investors was subscribed 1.11 times, the category for Retail Individual Investors (RIIs) received 2.87 times as many subscriptions. Qualified Institutional Buyers (QIBs) received a 40% subscription, and the employee portion was booked 8.98 times.

South Korean regulators are investigating value fluctuations of the altcoin AVAIL on Bithumb last month “on suspicion of price manipulation.”