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“Yes, banking is definitely one sector where profit booking should be done. In fact, the Bank Nifty put call ratio has gone up to one month highs above 1.4 yesterday. Briefly it was at 1.45 as well. It is time to be fearful now that everybody is greedy about this index. My sense is banks should see a correction.

The move from capital market watchdog comes after the increasing number of social media influencers on multiple social media platforms that advise and recommend trades without a license.

“E-sports will become the number two sports in India; the gaming influencers, gaming creators are already reaching celebrity status. We recently had an event in Hyderabad in Dreamhack and we had to call in police for crowd control because the fans went berserk with the gaming celebrities. Our e-sports business grew 174% year-on-year for Q2 and we expect this to continue to grow quite aggressively in the years to come. ”

INMACS obtained individual Indian fiat currency (INR) balances with banks, payment gateways, and crypto exchanges using snapshot of web-logins on the web-portal of these sources or banks, payment gateways, and crypto exchanges statements of account provided by CoinSwitch.

The benchmark Indian 10-year government bond yield ended at 7.2808%, after closing at 7.2736% on Wednesday. The yield had declined for seven straight sessions till Nov. 15, dropping by an aggregate of 22 basis points (bps).

Following the sharp rally in the counter, Viral Chheda, Technical Analyst, SSJ Finance and Securities, had suggested to book some profit on the stock and wait for some correction to make a fresh entry around Rs 50 and more at dips of Rs 45 with a stop loss of Rs 40 on a weekly closing basis for further upside till Rs 80-100 odd levels in the next 10-12 months.

“From 2016 till 2022, for six years when the onslaught of disruption and fintech was the highest, our yield or ARPU per customer was absolutely steady. Our yields are almost 22 bps while people do zero broking. Our ARPU per customer is almost Rs 32,000 while people do Rs 5,000-6,000.”

"Recent differential in performance (between large- and small-caps) is the outcome of the potential earnings upgrades in the banking sector, predominantly large caps. We continue to see the banking sector doing well," he said.

“Maruti is slow in EV but it is not that they are going to be completely absent. But our sense is that it is a market leader and also there is the scarcity factor. Besides Maruti, we have M&M which has already rallied, while Tata Motors is still struggling with the issues on the JLR front. We are bullish on Maruti and expect to see good double digit growth for the next two years.”

The benchmark Nikkei 225 index dipped 0.35 percent, or 97.73 points, to 27,930.57, but the broader Topix index edged up 0.15 percent, or 2.99 points, to end at 1,966.28.