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The fintech firm from the insurance industry space hit a fresh high of Rs 1,470 son after its listing on 17 November 2021 but failed to keep the momentum going. The stock closed at Rs 577 on 16 August, a downside of over 60 per cent.
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There is a 52.98% % deficit in the sowing area, from 99.73 million hectares in 2021 to 46.897 million hectares as on August 12, according to data on the agriculture ministry's National Food Security Mission website.
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"Intraday weakness can be seen below 17,833 with initial targets placed in the zone of 17,764 and 17,724 levels. However, traders are advised to remain cautious about creating fresh long positions as some momentum oscillators on daily as well as weekly charts are in overbought zones," Mohammad said.
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Dogecoin is technologically becoming competitive with Ethereum due to the launch of Dogechain, said Sathvik Vishwanath, Co-Founder and CEO, Unocoin.The blockchain use cases such as DeFi (decentralised finance) and NFTs (non-fungible tokens) can be built on this.
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Since July 1 so far, FPIs have invested close to $ 3.5 billion, the highest among emerging markets excluding China, according to Bloomberg. The crude oil prices and FPI investment share a high negative correlation. Easing crude oil prices tend to increase FPI interest in commodity consumers such as India and away from producing countries.
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