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“One should not only try to enjoy the benefits of the bull market rally, but also be a little cautious on stock selection and that is what we have been advising investors. ”

In recent months, top officials from the Federal Reserve and other banking regulators have urgently begun what they are calling a “crypto sprint” to try to catch up with the rapid changes and figure out how to curb the potential dangers from an emerging industry whose short history has been marked as much by high-stakes speculation as by technological advances.

The development of Bitcoin and thousands of other cryptocurrencies in a little over a decade has changed the definition of money — and spawned a parallel universe of alternative financial services, allowing crypto businesses to move into traditional banking territory.

An arm of the British banking group is learnt to have bought out the entire Rs 500-crore zero-coupon bond offering by Rare Equity Private Ltd (REPL), a Jhunjhunwala controlled company, in what was a rare borrowing by the ace investor in the bond market.

‘We can continue to see participation from both the real estate players as well as real estate ancillaries’

Depending on how the bill defines crypto and how its treatment follows from that in terms of taxation and regulation, the cryptoverse may choose their play. If they find the definition and ensuing rules etc favourable to their businesses, they may want to position their products as valid cryptos.

Pattern analysis of the weekly charts showed the breakout that occurred when Nifty moved past the 15,900-15,950 zone is still very much in force. After each move on the higher side, the market has consolidated for some time, only to resume its uptrend.

"There are four major classifications of crypto and it is a welcome move for the entire industry. We are all excited; it is a great progress for the entire ecosystem."

The expansion, contemplated for years, got a push in reaction to the collapse of German payments company Wirecard, which dramatically fell from grace in 2020, just two years after promotion to the benchmark index.

It seems the yellow metal is ignoring traditional triggers of the market, which have become visible more since 2019. Earlier, gold reacted to geopolitical tensions and rise in crude oil prices and besides the fluctuations in the Dollar Index and also euro. Now it is reacting more to the performance of equity markets, which have been attracting a lot of capital flows and hitting new highs every week.