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While about a 6 per cent fall from the peak in Nifty has made the market healthy, the valuations continue to be high.

“There is a lot of speculation around the definition of private cryptocurrency. What exactly is private cryptocurrency is hard to understand because Bitcoin or other crypto assets are on the public ledger, on a public blockchain, not owned by any particular company to make it a private crypto. ”

In rupee terms, Bitcoin fell as much as 17 per cent, Ethereum was down 14 per cent, Dogecoin over 20 per cent and Polkadot 14 per cent. Even dollar-pegged token Tether was down nearly 17 per cent, data available at WazirX showed.

The Nifty IT index was trading 0.45 per cent down at 35344.55.

The emergence of crypto-related businesses in football comes as countries are introducing regulation to clamp down on gambling sponsorship -- a ban is in place in Spain, for example, while the UK government is considering one.

TTK Prestige Ltd., incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 14958.12 Crore) operating in Consumer Durables sector.

A total of 40,085 shares changed hands on the counter till 10:56AM (IST).

On the technical charts, the RSI of the stock stood at 47.08.

“Liquor stocks, some of the retailers, some of the QSR companies, autos, auto ancillaries are areas which incrementally should do very well going forward from here. ”

The scrip has been a favourite of mutual funds and FPIs, who owned over 40 per cent stake in the drug maker, with promoters holding another 46.29 per cent stake, leaving non-institutional holding at 9.8 per cent. But the stock has hardly performed, falling 6 per cent year-to-date and delivering no return in the last one year.