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The Nifty50 index ended 1 per cent lower at 17,671.65 points, while the BSE-Sensex closed at 59,306.9 points, down 1.1 per cent. Today’s heavy selling follows the near 2 per cent drawdown in the benchmark indices on Thursday.

"The power prices in the Exchange electricity market- the Day-ahead and the Real-time market have witnessed a significant correction in the last 7 days supported by measures initiated by the government to address the various supply-related challenges," an IEX statement said.

“Collectively good disbursement, good collections, reversal of delinquent accounts, consumer sentiments remaining positive and the branches all opening up and being able to meet customers were the reasons for the outcome.”

Nifty50 is almost vertically down by 1,000 points in last eight sessions and hence a pullback attempt can’t be ruled out, provided the index continues to defend its 50-day moving average, said Mazhar Mohammad of Chartviewindia.in.

Rashesh Shah, chairman of Edelweiss Group, told PTI on Friday that had it not been for the Rs 60-crore loss from the insurance verticals (Rs 30 crore each from each insurance business) net income would have been Rs 113 crore.

The show has its own brand of cryptocurrency, named SQUID, which has astronomically rewarded investors with a super strong rally of up to 30,000 per cent, and that too in just a few hours.

Biconomy, launched in 2019, currently provides three products to blockchain developers to increase the adoption of dApps, gaming dApps, and NFTs.

In the international market, gold was trading lower at USD 1,795 per ounce and silver was flat at USD 23.89 per ounce.

Indians seemingly seem to be getting the most of this. With just over 10 crore crypto investors in our country, per a report by Brokerchooser, Indians are significantly and in fact, miles ahead of their US counterparts, who stand second and have just 2.74 crore investors in this space.

IRCTC stock started the day by diving an eye-popping 25 per cent following the announcement by the company on Thursday evening that it has been asked by the government to share 50 per cent of the convenience fee revenue with it.