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Algo trading is a mechanism which has predefined computer-generated algorithms that are used for trade execution. Efficient algorithms require the formation of suitable strategies, automation, back testing and approval by regulatory authorities.

This is where Algorithmic Trading comes in. Algos are still new in India, accounting for only 50-60% of the total volume, and are yet to be adopted universally. Initially, they were used only by institutions and brokers. However, the proliferation of discount brokers and trading API solutions have now opened up infinite opportunities for retail investors as well.

This has reduced the sell pressure on the crypto asset, which seems to have stabilized above $16,000 this week. The overall crypto market is now worth $830 billion, down from its peak of $3 trillion last year. Crypto market has not surged despite strong US CPI inflation data that beat estimates.

Our digitization driven by Chairman Shetty’s vision uniquely makes us the global market leader as well as the tech disruptor in our industry. This provides us robust growth momentum, which will help us maintain strong performance and as economic revival begins starting next year, we expect to witness growth in volumes.

​​Auto space underperforming the most. Broader markets have also remained under pressure, and despite Nifty managing to afloat near highs, mid-cap and small-cap indices moved to their monthly lows. Going ahead, we expect Nifty to respect 18000 levels and stage a fresh upward move amid broader market recovery.

"Nifty50 tested the monthly pivot resistance near 18,400 levels and witnessed a sideways move in a narrow range holding its short-term 8-day average. The current consolidation at higher levels augurs well for the bulls, and we expect the index to scale an all-time high in the coming weeks. "

Barring Reliance Industries and Hindustan Unilever Limited, rest eight firms, including HDFC Bank, ICICI Bank, State Bank of India and HDFC, made gains in their valuation.

According to an analysis by Motilal Oswal Financial Services, incremental additions of demat accounts have been continuously declining since August. The additions stood at 26 lakh in August, fell to 20 lakh in September and further dropped to 18 lakh in October 2022.

However, going forward, buying by Foreign Portfolio Investors (FPIs) is unlikely to turn very aggressive as high valuations in India are a headwind, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

In a BSE filing, IEX said, “we wish to inform you that a meeting of the board of directors of the company is scheduled to be held on Friday, November 25, 2022, inter-alia, to consider a proposal for buyback of fully paid-up equity shares of the company.”