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“At some point of time, there will be some kind of corporate action in India Cements and maybe Mr Damani is positioning himself right there.”

Market experts believe that crypto adoption could rise exponentially, with the asset class likely to give better returns over the next 10 years compared to gold and equities.

The pan-European STOXX 600 edged 0.2% lower by 0819 GMT. Chemical and travel stocks were among sectors most under pressure, declining for a second straight session.

In the international market, gold was trading lower at USD 1,789 per ounce and silver was flat at USD 22.08 per ounce.

Private banking names were in demand, driving indices higher. Buying was also seen in consumer-focussed companies. Though selling at high levels indicates traders are still cautious.

"Ola at 25%, has the lowest ARAI variation. The variation is normal, ARAI certification is the law; that is what we have to claim. So while, the ARAI data is 181, in the real world we are at 135. That is just a 25% variation while for everybody else it is in 30-40% range."

Dogecoin, Shiba Inu and other tokens associated more with online jokes rather than actual software products have been hit harder than sector originals Bitcoin or Ethereum during the recent retreat from the record price levels reached late last year.

“The conversion from IC to EV will help in premiumisation – will see 10% more than industry growth.”

There are a total 359 companies listed on SME platform while 127 have already migrated to mainboard

HGS, the business process management unit of century-old Indian conglomerate Hinduja Group, said on Thursday it would pay an interim dividend of 150 rupees per share ($2.02), or about $42 million, after receiving $1.09 billion in sale proceeds.