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The market has been on a non-stop rally, hitting new records almost every week, on the back of an influx of investors - a vast majority of them first-timers - coupled with a flood of liquidity.
Adani Enterprises and Nifty 50-listed Adani Ports and Special Economic Zone were the top losers, plunging more than 15% each.
Indian shares hit record highs on Friday, boosted by financials and energy stocks, as more states lifted pandemic restrictions and US inflation data allayed investors' worries.
Both the indexes last week gained more than 1% to notch their third straight week of gains.
Including research, there are infinite job possibilities for students who are taking up statistics.
The rupee continued its decline, falling to a near 8-month low of 74.96 against the dollar.
The RBI held the repo rate, its key lending rate, at 4% and kept the reverse repo rate, the borrowing rate, unchanged at 3.35%.
The NSE Nifty 50 index was down 0.66% at 14,770.40 by 0400 GMT, while the S&P BSE Sensex was 0.77% lower at 49,642.46.
The companies are expecting to benefit from an equity market which is flush with liquidity and has seen a sharp increase in new retail investors.
Banking, finance and pharma counters hogged the limelight, while cement and FMCG stocks succumbed to profit-taking.