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So every 10 minutes, a certain amount of BTCs are introduced into the supply, but this supply is designed to be reduced by 50% every 4 years.

Benchmark indices - BSE Sensex and Nifty 50 - dropped up to 2 per cent during the week, whereas second rung stocks, midcaps and smallcaps, settled almost flat or marginally lower. Majority of the sectoral indices ended with losses during the week with banking, metal and pharma were the top losers. However, power and energy indices were in demand.

The massive software upgrade of Ethereum, known as the “the Merge,” won’t happen in June 2022, according to Ethereum developer Tim Beiko. On April 11, Beiko tweeted that “the Merge” won’t happen in June. He followed up with another tweet on April 12, saying it would take a few more months.

Power sectors have been buzzing thanks to front runners like Tata Power and Adani Power. Parekh anticipates a brief profit booking in both the counters, a gateway for fresh entry into the counters.

“Shriram Transport has gone into a sell-on-rallies kind of mode, lower highs and lower lows as a pattern. I would suggest a sell on Shriram Transport, targets to be kept at Rs 1060 and stop loss at Rs 1136. Tata Power is on the verge of breaking below its crucial support and a psychological mark of Rs 250 level as well. I would suggest a sell on Tata Power, targets to be kept at Rs 238, stop loss at Rs 260.”

HDFC Bank has declared 22 dividends since April 20, 2001. Out of these, the company had declared 21 final dividends, and the remaining one was a special dividend.

Mulye, a career banker with three decades of experience behind her, will join her new role on June 1 as CEO designate, Aditya Birla Group announced late Saturday

In the upcoming week, markets will keenly watch the Q4 earnings of India Inc along with the expiry of April series derivatives. On the global front, war crises, crude oil and Covid-19 will be the major factors to watch out for.

"Much as we like to complain about the ugliness and anger that we see on social media, it is exactly those forces that draw users to it, and arguing that Elon Musk will make it worse, misses the point that he symbolizes the strengths and weaknesses of the Twitter platform better than any other person walking the face of the earth," says Damodaran.

The Hyderabad-based tech solutions player reported a 50 per cent rise in the net profit to Rs 154.2 crore for the quarter ended March 31, 2022, compared to a profit of Rs 103.1 crore.