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“The moves in crypto were coincident with retail money flooding into U.S. equities and equity options,” said Greg Boutle, who heads BNP’s U.S. equities and derivatives strategy group, which put together the trade. “There’s a big bifurcation between retail positioning and institutional positioning.” He declined to name the specific stocks that BNP clients got to bet against.

“The TDS on crypto holding is 1% of the entire sell value, while in the equity market, that percentage is 0.02%. That is why TDS does not hurt the stock market investors, but it hurts the crypto investors. That is the point we want to send across that can it be made equal to the stock industry and equal opportunity given across these asset classes?”

A total of 1,003 shares changed hands on the counter till 12:07PM (IST).

RBI’s recent Financial Stability Report had a graph showing how the number of active traders in both stock exchanges - BSE and NSE - has dipped to below the 1 crore mark in May.

Promoters held 48.76 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 20.83 per cent and 10.09 per cent, respectively.

Wipro Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 226793.24 Crore) operating in IT Software sector.

“I do not think any asset class can keep going up forever, let alone cryptos. So I think the correction was largely warranted and I do not feel like it is a bad thing. We have gotten lucky in India with the regulator coming in and making it harder to buy crypto. So the RBI definitely got that spot on.”

The relative strength index or the RSI is placed at 67.7. RSI below 30 is considered oversold and above 70 is considered overbought. MACD is above its center and signal line, this is a bullish indicator.

Promoters held 51.4 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 17.61 per cent and 19.54 per cent, respectively.

Barring the Unus Sed Leo, which was up by 3 per cent down, all other crypto tokens were lower on Wednesday. Shiba Inu, Dogecoin and Polkadot plunged 4 per cent each, whereas Cardano shed 3 per cent.