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Persistent Systems, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 37569.77 Crore) operating in IT Software sector.

The Indian stock market experienced a significant increase on June 28, with the BSE Sensex reaching a new all-time high. This surge was driven by the performance of heavyweight stocks like Reliance Industries, HDFC Bank, Infosys, Larsen & Toubro, and HDFC. These companies, representing various sectors, showcased strength and resilience, attracting investor interest. Investors should closely monitor their performance and consider their potential for long-term investments.

Fidelity is expected to file for a spot bitcoin exchange-traded fund (ETF), joining other major asset managers like BlackRock and WisdomTree. The filing has helped reverse negative sentiment in the cryptocurrency markets. If approved, the bitcoin ETFs could open the door for more institutional and high-net-worth retail investors to enter the crypto space. However, the Securities and Exchange Commission has rejected previous applications over concerns of market manipulation. Fidelity is also part of a consortium that recently launched a crypto exchange called EDX Markets. Grayscale Investment is suing the SEC over the rejection of its application to convert its spot Grayscale Bitcoin Trust into an ETF.

A total of 75,515 shares changed hands on the counter till 12:41PM (IST).

The stock traded at a P/E multiple of 62.85, while the price-to-book value ratio stood at 17.8.

The dates for the launch are yet to be known and will most likely be in a couple of months. Here are 10 things to know about the IPO.

GQG and other investors have bought $1 billion of additional stake in Adani Group stocks through block deals, ET Now reported quoting sources close to the matter.

The Nifty Realty index was trading 0.37 per cent up at 516.75.

REC, incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 42645.06 Crore) operating in Term Lending Institutions sector.

Promoters held 46.86 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 9.46 per cent and 3.11 per cent, respectively.