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The council - under the Internet and Mobile Association of India (IAMAI) - said wallets that comply fully with know your customer (KYC) norms should be treated on par with bank accounts, and that they should be allowed to disburse credit.

For a metal like copper, its uses in everything from heavy industrial machinery to advanced electronics mean the market is tightly linked to economic shifts, and the retreat marks a signal from commodity markets that efforts to get prices back under control are having some early successes.

To start with, let’s address a global trend that is unfolding. India’s domestic growth appears resilient whereas developed economies are weakening as they let off the crutches from pandemic dole outs. Sequentially, high frequency data is turning worse for the US & EU whereas India is demonstrating resilience

“Nifty’s biggest support is seen at 15,363 and below the same one can expect a waterfall of selling. The major hurdle is seen at 15,807 and then all eyes will be on the 16,157 mark. We suspect Bank Nifty to outperform Nifty in next week’s trade.”

Keeping the safeguard of 15,500 at downside and 15,950 upside, we feel traders can short straddle of 15,700 Call and Put and buy strangle of 15,400 Put and 16000 Call. Traders will be in profit if Nifty remains or expires between the given safeguard levels. Maximum profit for the strategy would be 11,040 while maximum loss would be 8,955.

Several sectors remained attractive to investors, including FMCG, IT, pharma, financial services, etc. Some of the top countries from where equity inflows were recorded were Singapore ($11.69 billion), the US ($7.52 billion) and Mauritius, apart from the UK, Cayman Islands, and Netherlands.

“Globally, investors will keenly analyse the US quarterly GDP growth rate numbers. The USA would officially enter into a recession if they post negative growth and thus this could have a spill-over effect on global markets,” said Yesha Shah, Head of Equity Research, Samco Securities.

This indicates that while the US dollar has appreciated by about 14 per cent compared to other global currencies, it is up by only 7 per cent against the rupee.As a result, the Indian rupee has outperformed other currencies in the broader international market.

After a downside correction, the price of Bitcoin settled above $20,000 level again. However, BTC is still facing several obstacles on the upside, starting with $20,500. The first significant resistance is near $21,000.On the downside, initial support is near the $20,000 level. The next major support is towards the $19,500 zone, below which the price could gain bearish momentum.

The modern global economy is a complex structure made up of businesses that no longer work in silos. Most companies today have operations across multiple geographies that cater to customers across time zones and continents.