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Analysts tracking the grey market said there is definitely the sentimental impact, particularly after the listing of Medanta, which continued to be in demand after the listing following the fund action.

​​ Referring to the Electronic Gold Receipt (EGR), V S Sundaresan, Executive Director at the Securities and Exchange Board of India (Sebi), said, this product has been introduced by Sebi and BSE has launched it about a month back and "we hope that this product will definitely gain traction over a period of time".

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The key outperformance in the index was driven by the BFSI space, especially corporate banks, as well as the oil & gas, pharma and capital goods domain. In the banking space, key positives were a revival in business growth of around 17-18% YoY, an improvement in the margin of 5-25 bps QoQ and a declining NPA ratio with healthy PCR.

“Yes, banking is definitely one sector where profit booking should be done. In fact, the Bank Nifty put call ratio has gone up to one month highs above 1.4 yesterday. Briefly it was at 1.45 as well. It is time to be fearful now that everybody is greedy about this index. My sense is banks should see a correction.

The move from capital market watchdog comes after the increasing number of social media influencers on multiple social media platforms that advise and recommend trades without a license.

“E-sports will become the number two sports in India; the gaming influencers, gaming creators are already reaching celebrity status. We recently had an event in Hyderabad in Dreamhack and we had to call in police for crowd control because the fans went berserk with the gaming celebrities. Our e-sports business grew 174% year-on-year for Q2 and we expect this to continue to grow quite aggressively in the years to come. ”

INMACS obtained individual Indian fiat currency (INR) balances with banks, payment gateways, and crypto exchanges using snapshot of web-logins on the web-portal of these sources or banks, payment gateways, and crypto exchanges statements of account provided by CoinSwitch.

The benchmark Indian 10-year government bond yield ended at 7.2808%, after closing at 7.2736% on Wednesday. The yield had declined for seven straight sessions till Nov. 15, dropping by an aggregate of 22 basis points (bps).

Following the sharp rally in the counter, Viral Chheda, Technical Analyst, SSJ Finance and Securities, had suggested to book some profit on the stock and wait for some correction to make a fresh entry around Rs 50 and more at dips of Rs 45 with a stop loss of Rs 40 on a weekly closing basis for further upside till Rs 80-100 odd levels in the next 10-12 months.