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"The government is cognizant of the fact that this is an evolving technology, it will keep a close watch and take proactive steps. There was consensus also that the steps taken in this field by the government will be progressive and forward looking," a source said.

“The commodity super cycle is not going to play out. There was a sharp up move and now we could see a possible downturn on a prolonged basis over the next couple of years.”

After Morgan Stanley, Goldman Sachs, UBS and Nomura, it is CLSA now that has called for booking profits on Indian equities citing rich valuations, pressures on margins, and a high probability of earnings disappointment among other reasons.

As many as four companies are going to make their Dalal Street debut this week. This includes PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, Sigachi Industries and SJS Enterprises, which cumulatively raised as much as 6,550 crore via primary route. All three companies will be listed on Monday.

“Consolidating decade after decade and generating high amounts of cash flow is so tough that out of 5,000 listed companies, barely 50 are able to do this. That is what will happen to the new spate of IPOs as well.”

Like other cryptocurrencies, stablecoins move around on the same online ledger technology known as blockchains. The difference is that their value is pegged 1:1 to a financial asset outside the world of crypto, usually the US dollar.

While Reliance Industries Limited, Tata Consultancy Services, Infosys, HDFC, Bajaj Finance and Kotak Mahindra Bank were the gainers, HDFC Bank, Hindustan Unilever Limited, ICICI Bank and State Bank of India emerged as laggards.

The blockbuster IPOs of new-age tech companies show the valuation game has changed, as focus shifts from earnings to growth potential.

Its total income during July-September 2021 fell slightly to Rs 1,224.94 crore, compared with Rs 1,230.27 crore in the year-ago period, City Union Bank said in a regulatory filing.

Himalaya Coin only appears to trade on the Himalaya Exchange. It’s not included in CoinMarketCap’s long list of global cryptocurrencies, which has become the de facto source for digital token valuations.