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On the other hand, Morgan Stanley is positive on the banking sector ahead of earnings as it believes that loan growth has been strong and asset quality is also holding up well. It expects lenders to report strong earnings in the June quarter.

Khanna sold more than 2.34 lakh equity shares in the company between April to June as she held 17,24,990 equity shares or 1.46 per cent stake in the company as of June 30, 2022. Meanwhile, her stake at the nd of March 31, 2022 was at 1.66 per cent (19,63,104 shares).

The global cryptocurrency market cap was trading lower at the $894.51 billion mark, dropping almost 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped almost 17 per cent to $64.82 billion.

Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 201651.74 Crore).

At a PE multiple of 1.9 times, ONGC traded at a 78 per cent discount to its 10-year average of 8.5 times. Tata Steel at 5.9 times traded at a 53 per cent discount to its historic PE of 12.5 times. Coal India (down 53 per cent), Apollo Hospitals (down 38 per cent) and JSW Steel (down 36 per cent) are a few other stocks which are trading at steep discounts to their historical levels.

As of 31-Mar-2022, promoters held 0.0 per cent stake in the company, while FIIs held 38.0 per cent and domestic institutional investors had 32.08 per cent.

In its Chapter 11 bankruptcy filing on Tuesday, Toronto-listed Voyager estimated that it had more than 100,000 creditors and somewhere between $1 billion and $10 billion in crypto assets. The company also recorded the same range for its liabilities.

“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).