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The CBT approved face authentication technology for digital life certificates, cleared a new central payment system for pensioners, and proposed a detailed legal framework to minimise litigation, they said.

Sources said that the raids which commenced on Saturday included questioning of Joshi and the brokers in the said case. These sources added that the IT action is based on the information shared by SEBI.

Gold is generally considered a safe investment during economic and political uncertainties. Last year, when the global economic situation became dire due to the Covid-19 pandemic, investors rushed into the safety of gold which saw prices rise to multi-year highs. An all-time low Indian rupee and a hike in custom duty on gold have kept domestic prices somewhat in check from a steeper fall.

"The US Fed policy meet commentary was taken as dovish by markets, and the Fed’s emphasis of further hikes based on data helped improve sentiments as markets are pricing inflation coming down by the second half of this year. Now with the recent stance, markets are now expecting the Fed Funds terminal rate to arrive earlier than expected which led to a sharp relief rally."

“Before those rate hikes, the markets were a little complacent and so the rally might continue a little bit more. The dollar is weakening and all these Goldilocks scenarios will be thrown out as a reason for markets to move higher. We are not out of the woods yet. At the moment, I remain cautious.”

“At the moment, the world is relying on one manufacturer, Bavarian Nordic, for the monkeypox vaccine,” said Manish Bhargava, a fund manager at Straits Investment Holdings Pte in Singapore. “To keep up with demand, we can expect other biotech firms to ramp up research and production. It’s starting to reflect in the strong stock price performance for the sector

In the bond market, a mix of dip-buying behavior and growth concerns has sparked a fierce rally in Treasuries after benchmark yields hit multiyear highs last month. Billions have been funneled into corporate debt, with the S&P 500’s earnings yield holding the slimmest advantage to the average yield on blue-chip bonds in over a decade

Celsius and its CEO Alex Mashinsky had billed the platform as a safe place for people to deposit their crypto currencies in exchange for high interest, while the firm lent out and invested those deposits.But as the value of highly volatile crypto currencies plummeted -- bitcoin alone has shed over 60 percent since November -- the firm faced mounting troubles until it froze withdrawals in mid-June.

Ajit Mishra, VP - Research, Religare Broking, said that participants should align their positions and look for buying opportunities on dips. All the sectors are contributing to the move. "We believe the focus should still be on the top performers rather than expecting a turnaround in the beaten-down names," he added. "We reiterate our preference for auto, FMCG, banking and financials and remain selective in others."

“We have increased our portfolios in the banking sector. We have added a few names where we can see not only earnings growth but also valuation rerating over the next two to three years. We have also added automobiles where we think that it is coming out of a low base."