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The global cryptocurrency market cap was trading higher at the $1.28 trillion mark, jumping more than 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume added about a per cent to $82.39 billion.

Nifty50 now trades at a 12-month forward PE ratio of 17.5 times, which is in line with the pre-Covid three-year average and just marginally above the pre-Covid five-year average of 16.9 times.

“There will be a transition. I do not even blame startup founders as much as I blame the VCs and the PEs who pumped money into these companies and expected these startup founders to grow at no cost. Once anybody has too many investors on their board or on their cap table, it becomes less about what the startup founder wants but more about what the plethora of investors are asking or expecting of him.”

A total of 907,460 shares changed hands on the counter till 11:01AM (IST)

The spot prices of gold have dropped more than Rs 1,100 in the last two weeks, whereas the silver has declined about Rs 2,250 per kg in the same period under review.

In the case of DRL, Morgan Stanley said that the drug maker continued to deliver granular growth and that the growth trend should continue in FY23.

Consolidated total revenue from operations during the quarter under review stood at Rs 2,915.82 crore as against Rs 2,730.74 crore in the corresponding period a year ago, PTI reported.

The Relative Strength Index of the stock stood at 51.62 on Friday.

Let us have a look at what brokerages have to say about the IPO of eMudhra

The sharp global strength in the dollar has taken its toll on the rupee, which has shed 4.2 per cent against the greenback so far in 2022. On May 19, the domestic currency hit an all-time low intraday level of 77.7250/$1.