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"We think the Fed will be much less aggressive than they are making out to be. Fed in its heart knows that inflation is transitory, but it sounds heartless and cold."

The stock quoted a 52-week high price of Rs 3013.0 and low of Rs 1303.6.

The tax rates on long-term and short-term capital gains are accordingly determined in the range of 10%-30% (plus surcharge and cess as applicable) depending on the nature of financial assets and the period of holding.

The meme coin has appreciated 2,50,00,000 per cent in the last one year. An investment of Rs 1,000 in the token would have turned into Rs 25,00,00,000 during the period. However, it is important to note that cryptocurrencies, especially meme coins, are a highly volatile investment.

"The message for shareholders is that we are absolutely in the race. We are a growth-obsessed organisation."

A total of 352,455 shares changed hands on the counter till 02:00PM (IST)

During the day, Paytm shares hit an all-time low of Rs 1,051, eroding over half of the value from its IPO price of Rs 2,150.

Dinesh Gupta, Co-founder, UnlistedZone said the company is trading around Rs 170-175 in the pre-IPO market. He expects IPO to be priced in the range of Rs 175-200 per share.

The long drawn legal battle between Amazon and Future Group took a turn when the CCI suspended its earlier approval of Amazon’s investment in Future Coupons on the grounds that the ecommerce firm did not make full disclosures.

The pan-European STOXX 600 fell 0.2% as of 0825 GMT, with healthcare, food & beverage and travel stocks leading declines.