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On NSE, it settled at Rs 1,184.95, a gain of 0.74 per cent after jumping 3.25 per cent during the day to Rs 1,214.60.

In a series of tweets, Kamath compared 1 per cent TDS on all crypto trades to tax collected at source (TCS) of 0.1 per cent on Gold. "I assumed that the TDS is only on the gains," he said

In its annual filing with the U.S. Securities and Exchange Commission, Tesla, which had invested $1.50 billion in bitcoin last year, said it registered about $101 million in impairment losses last year due to the value of bitcoin.

For the quarter under review, the company’s consolidated operating revenue declined marginally to Rs 738.3 crore as compared to Rs 739.8 crore in the same period a year ago, reports said.

Income during the quarter increased to Rs 3,845.25 crore over Rs 2,414.95 crore in the year-ago period, the filing said.

“Even though the banking sector has done well in terms of their results, outflows will continue for a few more months yet.”

“In India, EBITDA per tonne will be a bit lower while in Europe, it will be a bit higher. We will see the impact of lower export prices and higher export volumes on the EBITDAs in India on a per tonne basis. But because the volumes are higher, some of that impact will be offset,” says TV Narendran

"For Nifty50, the 17,000 is the crucial support followed by the swing low of 16,836, any breach of which can trigger a major concern for investors. On the higher end, the 50 per cent Fibonacci, placed around 17,380, is expected to act as the immediate resistance," Krishan said.

The company plans to transfer five NPA accounts totalling Rs 1300 crore into the bad bank initially, managing director Shanti Lal Jain said.

An ET poll comprising 22 respondents predicts that at its three day policy review ending Thursday, the RBI’s Monetary Policy Committee will raise the reverse repo rate, which for long has dictated the overnight cost of funds for banks