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.
Tech Mahindra, HCL Tech, Infosys, Nestle India, Sun Pharma and TCS closed in the red.
The blaze broke out at about 1:25 am and immediately fire tenders were rushed to the spot.
On the broader front, S&P BSE MidCap and SmallCap ended with gains at 0.21 per cent and 0.44 per cent respectively.
BSE bankex, finance, metal, energy, realty and utilities indices fell up to 1.51 per cent.
On the broader front, the S&P BSE MidCap ended flat at 15,155.04, up by 0.01 per cent, whereas SmallCap was up by 0.35 per cent at 15,025.51.