On Monday, the oil prices soared above $130 a barrel for the first time since July 2008, on the back of risk of a US and European ban on Russia’s oil export which comprises of about 10 per cent of global supply. Following the cues, domestic market along with its global peers plunged and witnessed substantial sell-off from opening hours.

 It was a disappointing day for the Indian market as they initially recovered sharply from their day’s low, only to lose most of the points later.

Ekennis Software Service Limited became the 364th Company to get listed on the BSE SME Platform on March 07, 2022. Ekennis Software Service Limited came out with an initial public offering of 4,00,000 equity shares of Rs.10 each for cash at a price of Rs. 72 per equity share, aggregating to Rs 2.88 crore. The company has successfully completed its public issue on February 24, 2022.

The Indian markets experienced carnage on Monday's early trade due to weakening in global markets as concerns over the Russian invasion of Ukraine fuels and also the crude oil reaching a multi-year high. 

A broad-based sell-off was witnessed across indices on exchanges BSE and NSE along with global markets. A spike in crude oil prices and currency depreciation has caused higher input costs for companies across sectors. Also, rising global inflation has made investors cautious. The foreign investors were seen pulling off money from the Indian market, FII outflow of 7,631.02 crore and domestic investor inflow of Rs 4738.99 crore was seen on Friday.   

Despite a weak market, shares of ONGC Ltd, PNB Housing Finance Ltd and Graphite India have rallied in today’s trading session.

While markets opened with deep cuts, as of noon, BSE Sensex has declined by 2.26 per cent.

List of the stocks where sell positions are being covered in the F&O segment.

Following are the stocks where profit booking is seen taking place in the F&O segment.

PNB Housing Finance Ltd, which is promoted by Punjab National Bank, is engaged in providing financial services, has jumped by nearly 5 per cent in today’s early morning session from its previous close of Rs 402.90.

At 9.30 AM Repro had an opening move of 8.77 per cent north with an increase from the previous close of Rs 436 to Rs 474 today. 

On Monday morning the markets fell sharply, as the Asian markets globally plunged by 3 per cent amidst weaker global cues. The International Monetary Fund, on Saturday, said that the war between Russia and Ukraine will have a severe effect on the global economy as the commodities prices have already surged, coupled with the harm to human life and the unprecedented sanctions on Russia.