Bitcoin falls 8.1% from its peak in last 24 hours
Bitcoin retreated from its record high of more than $73,000 as the market witnessed a selloff and higher-than-predicted US inflation data signalled that interest rates might stay high.
Bitcoin retreated from its record high of more than $73,000 as the market witnessed a selloff and higher-than-predicted US inflation data signalled that interest rates might stay high.
“Investors have time, even now, to switch from small-caps to fairly valued large-caps and partly to fixed income products. At this stage in the market, safety should be given priority over return," he said.
India’s market cap is currently the 5th largest globally (US $4.5 trillion) but its weight in global indices is still low at 1.6% (10th rank), foreign brokerage, Jefferies said in a report.
The market benchmarks extended their gains into the fourth consecutive session.
At close, the Sensex was down 523 points or 0.73 per cent at 71,072.49, and the Nifty was down 166.50 points or 0.76 per cent at 21,616.
Jain also said that the protesting jewellers will make a representation to district collectors against the gold hallmarking rules.
But in 2021, the market for 5G devices will grow over eight times to reach 32 million units and make up 19 per cent of the overall smartphone market.
In the broader markets, the S&P BSE MidCap and SmallCap were down by 1.10 per cent and 0.66 per cent respectively.
In the broader market, the S&P BSE MidCap and SmallCap ended with losses at 0.4 per cent and 0.45 per cent respectively.
NSE Nifty rose 44.30 points or 0.33 per cent to close at a record 13,558.15. It hit a lifetime high of 13,597.50 during the session.