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There were lot of fence sitters who were waiting for interest rates to further come down, prices to correct further and there were lot of negativity around stuck projects, delayed projects. So if you notice, the government has been very heavy handed in terms of cleaning this industry.

Nifty formed a bullish candle on the daily scale and is forming higher highs and lows on the daily scale.

In the international market, both gold and silver were flat at $1,768 per ounce and $22.78 per ounce, respectively.

In an interview with ETMarkets.com, the former governor said the intermediary function of commercial banks would come under stress if the CBDC offered by RBI becomes an interest-bearing instrument.

The Nifty Pharma index closed 0.32 per cent up at 14380.5.

Gold prices dipped on Thursday after the U.S. Federal Reserve signalled easing its monthly bond purchases by next year and a sooner-than-expected interest rate hike, which could increase the opportunity cost of holding the non-yielding bullion.

The Nifty Realty index, which consists of 10 top real estate companies, climbed nearly 11 per cent. This comes on top of 8.45 per cent gain on Wednesday. In the last three days, the index has climbed nearly 25 per cent.

Despite suffering a decisive correction in April 2021, Bitcoin retraced back rather significantly over the next few months. Led by its adoption as a legal tender in El Salvador and the subsequent eternalization of its founder, Satoshi Nakamoto, Bitcoin, for now, seems to be moving in the right direction. For credible crypto exchanges like CoinSwitch Kuber, this tectonic, directional shift, signifies escalated registrations and a reassuring future for the motivated, crypto community.

Equity investors were richer by Rs 3.14 lakh crore, as their total wealth represented by BSE market capitalisation climbed to Rs 261.71 lakh crore.

“There is a benign global liquidity environment for the next six to nine months. In the short term, the market could continue to inch up. The local factors remain very positive. But one has to be careful in the medium term,” says Kotak Securities’s Pratik Gupta.