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Prosecutors have started requesting interviews and documents, one of the people said. The Securities and Exchange Commission is also conducting an investigation, another person said. The probes are in early phases and neither Silbert, Digital Currency Group, nor any of its subsidiaries have been accused of wrongdoing.

"If we get any rallies, it is probably worth selling into in our view because I do not think in the next one year, China can make up for the kind of recession that we are going to see in Europe, UK. It’s looking like a mild recession in the US at the moment. It is going to get worse before it gets better for the metal stocks, probably it is the second half of 2023 trade."

The 100 largest banks by revenue made $77.1 billion from mergers and acquisitions and equity and debt issuance in 2022, a 38% drop from the previous year, BCG Expand Research in London said. The value of global dealmaking slumped about a third to $3.6 trillion last year, according to data compiled by Bloomberg.

Lawrence McMillan is a professional trader and the founder and president of McMillan Analysis Corporation, a registered investment adviser and commodity trading adviser.

While inheriting positive global cues, the market may start positive for the week. The coming week is likely to see the levels of 18,040 and 18,290 acting as potential resistance points. The support will come in at 17,600 and 17,480 levels. The trading range may get a bit wider this week.

Noting that while the competitive intensity with respect to metal pricing continues, it recorded a sequential expansion in its gross margin, driven largely by the improvement in both studded share and share of revenue from non-south markets.

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Now the situation is such that Mr X had already invested in a few largecap stocks like Reliance Industries, TCS, HDFC Bank, etc., which are a part of his largecap mutual fund. This unnecessary diversification has increased Mr X’s exposure in a few stocks.

We may see a bit of a slowdown for IT over next six months. So, two-quarters of more pain and then as the recession fear starts going off towards the end of the year, we could see IT coming back in favour. Markets will react three months in advance, they will give us a chance earlier but right now we are expecting lower markets going ahead.