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“On a broad level, the whole market needs to go down a lot further. This is just a sharp bull market correction. I expect the banking index to bottom out around 27,000 and the Nifty somewhere around 14,000. That is the price I have for July-August and before that, we get to see one bump up and then the markets will decline.”

On Wednesday, the rupee had appreciated 38 paise to close at 76.62 against the US dollar following a retreat in crude oil prices and rebound in domestic equities.

The Nifty Auto index closed 1.9 per cent up at 10019.35.

Banks, another large pool of profits, should benefit from better credit cost because metals are a large source of stress and they would be beneficiaries of higher metal prices.

Also, the company may explore a pre-IPO placement of up to Rs 1,200 crore. If such a placement is completed, the issue size will be reduced.

Mokens League NFTs are randomly generated, unique, and can be upgraded to perform better in the game which would increase their market value.

If the government decides to go ahead, it could take "a number of years" before we can use a digital dollar -- authorities will have to explore for instance which technology to use, said Darrell Duffie, a digital currencies expert at Stanford University in California.

The 30-share pack Sensex advanced, in line with peers across Asia, rising 817.06 points or 1.50% to a one-week high of 55,464.39, as gains for BJP in Uttar Pradesh added to the positive mood.

“Almost $11-$14 billion selloff that has come from FPI investors got absorbed by the domestic investors and that being the case, FIIs will reverse. FIIs are more opportunistic. Whenever they see fundamentals of the economy undergoing a change, they will jump the gun and start putting money. Though the biggest trigger will come from domestic investors, FII flows will be a big surprise for me in the year 2022.”

The stock traded at a P/E multiple of 38.54, while the price-to-book value ratio stood at 12.79.