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Among the losers, Solana plunged about 8 per cent, while Polkadot tumbled more than 6 per cent. Ethereum and BNB dropped 5 per cent each, and Bitcoin was also in the red.

VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said the Fed chief Jerome Powell made a hawkish statement overnight suggesting the central bank was determined to control inflation and that a "soft landing is possible but extremely challenging".

Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 29170.53 Crore) operating in Gas & Petroleum sector.

“As and when the recession or data which is pointing towards recession in the key economy like Europe or US comes out, there will be pressure on the oil prices and that will be very good news for us because that will reduce the FII selling pressure, the inflationary pressure and can lead to double digit returns in the Nifty. We have a target of about 18,700 on the Nifty for the next one year.”

The stock quoted a 52-week high of Rs 6573.05 and a 52-week low of Rs 3579.95.

"We expect gold prices to trade sideways to down for the day with COMEX Spot gold support at $1,810 and resistance at $1,830 per ounce. MCX Gold August futures support lies at Rs 50,500 and resistance at Rs 51,000 per 10 grams," said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

A total of 167,009 shares changed hands on the counter till 10:10AM (IST)

"We believe manufacturing as a sector is likely to do well over the next decade. Domestic cyclicals like banks, auto, infra, cement, capital goods could lead the next rally in our view. Rupee depreciation will also support export oriented sectors like IT and pharma. We are positive on gold and believe investors can consider a 10% allocation to gold ETFs / FoFs in their portfolio."

Grayscale said that in response it had filed a lawsuit against the regulator and would argue that the SEC had violated the Administrative Procedure Act and Securities Exchange Act.

The dollar ticked up towards recent two-decade peaks, and could record its best quarter in over five years, making gold less attractive for buyers holding other currencies. Gold prices, set to drop for a third straight month, have fallen about 6% this quarter, their worst since the first quarter of 2021