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The government today came bearing gifts for the telecom sector when often in the past it came with a guillotine. The reforms for the telecom sector announced by the government are expected to go some way in helping troubled Vodafone Idea.

Nifty50 formed a bullish candle on the daily scale with no lower wick, suggesting sharp gains from the word go. Analysts said the index has potential to move towards the 17,800 level in coming days.

All eyes of the crypto world are on the Bitcoin chart, as the world’s first and largest cryptocurrency is on the verge of making a ‘Golden Cross’ on the daily chart for the first time after forming a ‘Death Cross’ in June.

The game economy, where users can play to earn items or “in-game” tokens that others will buy from them, is no different than gamers buying accessories on, say, PUBG Mobile. Game developers make billions from such sales.

Equity investors grew richer by Rs 2.16 lakh crore, as their total wealth represented by BSE market capitalisation rose to Rs 259.68 lakh crore.

In the Nifty pack, 35 stocks closed in the green, while 15 stocks ended in the red.

The Nifty Pharma index closed 0.53 per cent up at 14487.9.

Nifty50 formed a perfect bullish candle on the daily scale and saw a breakout from its consolidation phase of the last few sessions.

The package likely includes a four-year moratorium on AGR and spectrum payments apart from a reduction in the spectrum usage charge (SUC) prospectively, among measures to improve the health of the debt-laden sector and retain a three-private player market.

The possible valuation is based on preliminary talks and may change after detailed discussions, due diligence and an official valuation report, according to people with knowledge of the matter, who asked not to be identified as the deliberations are private