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Mastercard is entering the crypto space to facilitate transactions where non-crypto users may purchase digital assets with fiat currencies (credit and debit cards).

A Motilal Oswal report says average daily cash volumes increased 11 per cent month-on-month to Rs 71,100 crore in March 2022. However, non-institutional cash volumes (read: retail) are below 50 percent for the first time since March 2020.

“We do expect the RBI to hike the reverse repo rate by 15 bps this time and by 100 bps over the entire fiscal and 50 bps next fiscal. So all in all, 150 bps of rate hikes based on more than 200 bps of hikes by the Fed as well as relatively high inflation.”

On Wednesday, the rupee tanked 55 paise, its steepest single-day fall in a month, to close at a one-week low of 75.84 against the US dollar.

The Nifty Pharma index closed 0.41 per cent up at 13815.0.

A reasonable negative candle was formed on the daily chart with minor upper shadow, said Nagaraj Shetti of HDFC Securities, who said the pattern indicates a continuation of weakness in the market.

On Wednesday, the yellow metal finished at Rs 51,559 per 10 grams.

“We are seeing a huge traction in the paper industry. That will be the next big play along with textiles. But investors have to stay with the best and stay with the players who have been able to show the pricing power and have an ability to remain tough when things are going to be tough because of inflation but we definitely like these sectors, apart from luggage and exhibitions and all that.”

Goel held 7,60,000 equity shares or 1.56 per cent stake in the company as of March 31, 2022. However, he held 7,80,000 equity shares or 1.60 per cent stake in the company for the quarter ended December 2021.

The stock quoted a 52-week high price of Rs 2764.6 and a 52-week low of Rs 1755.6.