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“Frankly, in the last six-to-eight months, money making was becoming too easy... you see some tweet, you buy the stock and it is up two circuits. Sectoral rotation was very, very fast,” Singhania said.

The company has reduced its fresh issue size to Rs 200 crore from Rs 300 crore after fundraising of Rs 100 crore in a pre-IPO placement.

The Nifty IT index was trading 0.07 per cent up at 34065.1.

A total of 35,952 shares changed hands on the counter till 10:00AM (IST).

The global crypto market cap was below the $2 trillion mark, declining 3 per cent compared to the last day. Similarly, the total crypto market volume declined about 4 per cent to $109.12 billion.

Kalpataru Power Transmissions Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 5799.27 Crore) operating in Power sector.

The stock quoted a 52-week high price of Rs 359.1 and a 52-week low of Rs 142.55.

As of 30-Jun-2021, promoters held 0.0 per cent stake in the company, while FIIs held 10.29 per cent and domestic institutional investors had 3.05 per cent.

Spot gold rose 0.1% to $1,793.68 per ounce by 0104 GMT. US gold futures rose 0.1% to $1,796.70.

Bullard, along with Kansas City Fed president Esther George and Dallas Fed president Robert Kaplan, also all downplayed the impact of the Delta variant in separate interviews, with George and Kaplan saying their business contacts were telling them the economic effects remained limited.