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The main question continues to be the duration of the potential outage... the longer the duration, ultimately, of course means potentially tighter inventories in Cushing or heavy (crude) on the Gulf Coast," said Michael Tran, a managing director at RBC Capital markets.

This is a classic example of a K-Shaped recovery where the economically lower segment is not able to cope with rising inflation.

Despite a stellar run, public sector bank stocks are far from their lifetime highs. Analysts remain bullish on the entire public sector bank pack and recommend buying them given the favourable risk-reward.

Talking to people from various backgrounds and skill sets is quite an energizing experience. My association with the India Fintech Forum, for example, has introduced me to highly intelligent people with different skill sets and a technology-backed solution mindset which, in turn, has made me evolve further as a leader

In addition, we are witnessing a negative divergence in daily RSI. Hence, on the downside, a break below 42,950 which is the weekly low might bring a pause to the upside momentum. In such a scenario, the index might correct towards 42,000 or more. Any short trades in the index can be considered only below 42,950.

Some economists do expect Powell to continue to emphasize the risks of not doing enough to fight inflation rather than about going too far, with a rise in unemployment a painful but necessary part of the process.

The capital was raised from 22 investors, including BNP Paribas Arbitrage, Morgan Stanley (Asia) Singapore Pte Ltd, Citigroup Global Markets Mauritius Pvt Ltd, Goldman Sachs and Abu Dhabi Investment Authority.

Since the debacle of FTX, the concept of self-custody has become the talk of the industry, prompting more individuals to move funds from centralized services and into wallets, especially hardware wallets

The Dow Jones Industrial Average fell 34.77 points, or 0.10%, at the open to 33,746.71

Experts say Dalal Street will remain attractive because the return on equity is generally higher than FDs. “The lock-in period is 5 years in respect of tax saving FDs and to avail the favorable tax break the equity needs to be held for a period greater than 12 months, which is significantly less than FDs lock in,” said Archit Gupta, Founder and CEO, ClearTax.