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On the technical charts, the RSI of the stock stood at 50.06.

Market experts said that banning cryptocurrencies is not the right way forward, rather the easiest way out for now

“We tend to be bottom up but as a block, lenders are going to be doing quite well. Roughly, 20% odd return is baked into the lenders. Real estate will do much better and is going to give a very strong kind of comeback. The remaining bulk of the portfolio is bottom up and very well positioned. We have technology names and digital-oriented companies with a very strong earnings profile. ”

The volatility in the market kept everyone guessing and even the best of the investing minds could not beat the benchmarks. Portfolio Management Sevices or PMS funds, managed by the likes of Samir Arora, Shankar Sharma and Saurabh Mukherjea failed to beat Nifty50 returns.

The metaverse is still in its early stages and will take several technological advancements before it becomes accessible and affordable to the general public.

“Indian equities staged a rebound to recoup most of its losses in the mid-noon session on the back of de-escalating tensions along the Russia-Ukraine border. However, falling western markets prompted a quick sell-off during closing hours,” said Vinod Nair, Head of Research at Geojit Financial Services.

On the technical charts, the 200-day moving average of the stock stood at Rs 2307.25.

The Relative Strength Index of the stock stood at 37.98 on Wednesday.

The stock quoted a 52-week high price of Rs 5930.7 and a 52-week low of Rs 2761.05.

“If we do not have a deal with Iran in the next three weeks, the prices will be well ahead of $100 a barrel because Opec does not have enough capacity to produce 400,000 barrels per day. The new normal will be between $70 and $80 a barrel after 2025. Before 2025, the new normal is somewhere in the range of $85 to $95 a barrel. It all depends on what happens in negotiations with Iran. If the Iranian deal is made, prices could dip $5-10 a barrel.”