Equity investors were left poorer by Rs 3.78 lakh crore, as their total wealth represented by BSE market capitalisation declined to Rs 255.18 lakh crore. This means they lost over Rs 1,000 crore per minute!

"We are seeing home loan demand at the Rs 40-50 lakh level, we are seeing demand at the Rs 75 lakh level, we are also seeing demand at the Rs 5 crore and Rs 10 crore."

Commodity prices were weighed down by a stronger U.S. dollar, which rallied to a month high as looming catastrophe at indebted property giant China Evergrande added extra nerves to a cautious mood.

The pan-European STOXX 600 index was down 1.5% by 0745 GMT, with mining stocks plunging 3.2% on a slide in commodities prices.

The stock quoted a 52-week high price of Rs 295.15 and a 52-week low of Rs 166.8.

China accelerated the pace of opening up its multi-trillion dollar financial sector to U.S. firms in recent years, after years of lobbying by Wall Street firms for better access, even as Sino-U.S. tensions rose on issues from trade to geopolitics.

French politicians have championed OVHcloud as a possible alternative to U.S. cloud services providers, but it has so far lacked the scale and financial clout to dent their market share.

"This is the space where I am looking to increase exposure at this stage after a very long time."

Evergrande holds one of the biggest debt piles in all of China and the world. The company’s last recorded debt pile stood at close to $300 billion, including bank loans, short-term borrowings and supplier credit.

As of 30-Jun-2021, promoters held 51.6 per cent stake in the company, while FIIs held 18.85 per cent and domestic institutional investors had 17.93 per cent.