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Bitcoin, the world’s biggest and best-known cryptocurrency, is down 16.3% from the year’s high of $31,818 on July 13.
The broader indices outperformed the main indices with the BSE midcap and smallcap indices ending marginally higher
The Indian equity market mirrored the weak trend across global counterparts and opened lower on August 17.
Though valuations are nowhere as cheap as they were till a few months back, there are still pockets of undervaluation. However, we are cautious on markets.
Market generally does not move in one secular direction. There would be bouts of strong up moves and sometimes sharp down moves along with consolidations.
UltraTech Cement, Apollo Hospitals, NTPC, Infosys and Tata Motors were among the top Nifty gainers, while losers included Tata Steel, Adani Ports, Hindalco Industries, HDFC Life and Bharti Airtel
If the Nifty slips below the crucial support of 19,300, it will witness further selling pressure towards lower levels
A sharp sell-off across global markets on the back of Fitch#39;s warnings to downgrade as many as 10 US banks weighed on the sentiment for domestic equities.
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.