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Depending on how the bill defines crypto and how its treatment follows from that in terms of taxation and regulation, the cryptoverse may choose their play. If they find the definition and ensuing rules etc favourable to their businesses, they may want to position their products as valid cryptos.

Pattern analysis of the weekly charts showed the breakout that occurred when Nifty moved past the 15,900-15,950 zone is still very much in force. After each move on the higher side, the market has consolidated for some time, only to resume its uptrend.

"There are four major classifications of crypto and it is a welcome move for the entire industry. We are all excited; it is a great progress for the entire ecosystem."

The expansion, contemplated for years, got a push in reaction to the collapse of German payments company Wirecard, which dramatically fell from grace in 2020, just two years after promotion to the benchmark index.

It seems the yellow metal is ignoring traditional triggers of the market, which have become visible more since 2019. Earlier, gold reacted to geopolitical tensions and rise in crude oil prices and besides the fluctuations in the Dollar Index and also euro. Now it is reacting more to the performance of equity markets, which have been attracting a lot of capital flows and hitting new highs every week.

Over the past week, Fed officials who argued most vocally that the central bank should soon begin paring its $120 billion in monthly bond purchases linked that policy change to an August jobs report that continued the average gains of 876,000 additional positions added from May through July.

Accordingly, while PVs (passenger vehicles) continue to witness healthy recovery, whereas two-wheelers and CVs (commercial vehicles) are subdued.

While some people are risk-takers, some are more traditional. Investment strategies are like food choices. It depends from individual to individual.

The DOG coin -- a fraction of the non-fungible token depicting the famous Doge meme -- has doubled in value in less than 24 hours of trading, according to CoinGecko data. That makes it one of the most valuable NFTs yet.

It is not that only the stock market has been recovering; other macros such as Q1GDP numbers -- which rose in terms of personal consumption, exports and capex albeit on a low base, GST collections which also surpassed Rs 1 lakh crore for the second consecutive month and manufacturing PMI data, which has stayed in expansionary territory from July -- have all demonstrated that the recovery theme is indeed intact.