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IBAT is a utility-based crypto token which is gaining popularity among users. The token was on PancakeSwap on Wednesday at 16:00 UTC.In its presale initial dex offering (IDO), the token rose close to 700 per cent to $0.011 from $0.0015, putting it among the top performing crypto IDOs of the year amid the bear market.

The upgrade will move it towards a more efficient mechanism and bring significant changes to the Ethereum network and potentially change the investment outlook for the blockchain.With The Merge, Ethereum will move towards a more sustainable, eco-friendly blockchain closer to its original vision, making it more energy efficient and faster, said Edul Patel, CEO and co-founder, Mudrex.

The billionaire investor disclosed on Thursday he had sold his 9.8% stake in the struggling home goods retailer, almost five months after amassing it and pushing for changes. In response, the company ousted its chief executive, changed some board directors and agreed to explore shedding its baby products unit.

"Valuation-wise, we are almost at fair or slightly overvalued levels and earnings are unlikely to surprise on the upside," he said.​The elevated valuations do not justify further run-up in the market, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

ICICI Securities said Nifty EPS in the June quarter came in at Rs 177 per share, down 14 per cent QoQ. "Major disappointment came in from the oil & gas sector wherein marketing margins came in lower than estimated. However, capital goods, metals and mining and pharma space surprised on the positive side.

According to markets experts, the traders were digesting the US FOMC minutes which hinted that bankers are unlikely to slow down the path for rate hikes. The policymakers discussed the necessity of increasing interest rates more in order to tame inflation.

In the international market, gold was trading lower at USD 1,753 per ounce while silver was flat at USD 19.23 per ounce."Gold prices traded under pressure over stronger dollar," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

The regulator, however, said that no such investments can be made in companies based in jurisdictions identified by Financial Action Task Force (FATF) as those having anti-money laundering (AML) or combating the financing of terrorism (CFT) deficiencies.

The Nifty Auto index closed 1.41 per cent down at 12946.45.

The stock quoted a 52-week high of Rs 1136.8 and a 52-week low of Rs 697.05.