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A total of 730,754 shares changed hands on the counter till 01:57PM (IST)

Major cryptocurrencies including Bitcoin and Ethereum were trading in the red, while XRP, Solana, and Tron were showing gains. The overall cryptocurrency market capitalization has been range-bound at slightly below $1.2tn, indicating a lack of trend control. DeFi volume currently represents 8.67% of the total crypto market 24-hour volume, while stablecoins account for 92.65%. Despite the neutral sentiment shown by major market oscillators, investors are waiting for a significant narrative to emerge, and the cryptocurrency market is likely to remain sluggish.

The stock traded at a P/E multiple of 9.8, while the price-to-book value ratio stood at 2.59.

IT major Wipro has set June 16 as the record date for its proposed buyback of Rs 12,000 crore worth of shares. Shareholders have already approved the buyback of 26.97 crore shares on a proportionate basis through a tender offer, with the shares priced at Rs 445 per share. While the timeline for the buyback is yet to be announced, 15% of the shares - or 4 crore shares - in the buyback are reserved for retail investors, who can earn between 4% and 13%, depending on the extent of the buyback offer acceptance.

On the technical charts, the 200-day moving average of the stock stood at Rs 3870.25.

European shares struggled to maintain momentum on Monday after posting gains last week, as markets faced consolidation. The pan-European STOXX 600 index held within a tight three-point range, with London’s FTSE 100 index leading slight gains of 0.5%, due to rallies in energy firms following higher crude oil prices. Meanwhile, European oil and gas sector index rose by 0.9%, buoyed by an announcement from Saudi Arabia, which stated it was planning to cut production by one million barrels per day from July. The STOXX 600 had experienced declines of over 3% over May, marking its weakest monthly performance of the year due to concerns of a trading standoff between China and the US, and signs of a global economic slowdown.

Embassy Office Parks REIT has raised INR1050 crores ($142m) via coupon-bearing Non-Convertible Debentures (NCDs) in order to refinance bank loans by securing 138 basis points interest savings from a 7.77% coupon rate, compared to expected interest rates during repricing. The NCDs carry a “AAA/Stable” rating from rating agency Crisil and will be listed on the wholesale debt market of BSE. The funds were raised with the help of arrangers including Axis Bank, Barclays Bank and ICICI Bank. Embassy REIT owns and operates a 45m sq ft portfolio of nine high-quality office parks in India.

​Nasdaq specifically has recovered, stocks there, the FAANG stocks also have almost doubled or some of them have more than doubled from the lows, so that has been the sentiment changer for India along with liquidity.

Gold has been a highly desired asset in India for centuries due to its value, prosperity, and inflation protection. There are multiple avenues of investing in gold in India, including physical gold, gold funds, digital gold, and sovereign gold bonds. Physical gold is a good option for those who want to wear jewellery, but it can be costly and come with extra taxes and regulations. Gold funds are taxed based on income tax rate, while digital gold is a convenient way to invest in physical gold but is not regulated. Sovereign gold bonds are exempt from capital gains tax and offer a simple interest rate of 2.5% per year, but have a lock-in period of 5 years. Investors should carefully consider each method before making a decision.

The Relative Strength Index of the stock stood at 73.13 on Monday.