Pranav Pagaria, Head of Finance & Strategy, CoinDCX

The CBDT's guidance on crypto-asset reporting is an important step towards aligning India's digital asset ecosystem with global reporting standards under the OECD's Crypto-Asset Reporting Framework (CARF). The framework strengthens reporting and due diligence obligations for crypto-asset service providers, particularly for cross-border and non-resident transactions. Enhanced transparency and standardised reporting can help foster greater trust, improve regulatory coordination across jurisdictions, and support the long-term maturation of the crypto ecosystem. As the industry evolves, clear compliance frameworks will be critical in balancing innovation with accountability.

Macro re-anchoring defined H1 2026. The old anchors the central-bank backstop, the consumer engine, multiple expansion are giving way to a disciplined Fed, the AI capex cycle and earnings-driven returns. When pricing shifts from liquidity back to fundamentals, that moment tends to lay the foundation of the next market advance.

The Fed made its biggest shift since Volcker. Market pricing flipped from easing to tightening the implied spread moved from 230bp in August 2024 to about +33bp, with 80% odds of a hike by December. Chair Warsh dismantled the "Fed put," yet equities got cheaper. We read current pricing as too hawkish.

Growth now runs on a single variable: AI. Roughly 40% of Q1 GDP growth came directly from AI hardware investment the first time it exceeded the consumer's contribution since 2009. But the buildout is turning from a deflation story into an inflation driver, making AI capex one of H2's key tail risks.

U.S. equities made new highs while getting cheaper. The S&P 500 rose 18.5% over twelve months with none of it from multiple expansion: forward P/E compressed from 22x to 20x while forward EPS jumped 30%. This is the mirror image of 2021's multiple-led top an earnings-driven advance.

Japan is H1's most underreported macro story. The BOJ's balance sheet contracted 125.3 trillionb Yen (16.4%) from its 2024 peak the largest in its history and still running. Even after June's hike to 1.00%, the yen hit a 40-year low (162). Marginal pricing power over global liquidity is migrating, in part, from Washington to Tokyo.

Constructive, not complacent, into H2. Rates pricing is too hawkish, the AI capex cycle points to a slowdown rather than a stall, and earnings have replaced multiples as the engine of returns with hyperscaler capex, inflation stickiness, a yen-carry unwind, and renewed oil escalation as the main tail risks.

Bitcoin entered a later stage of its corrective cycle. BTC closed H1 near US$59.5K, down 33% YTD and completing a third consecutive quarterly decline. 10.83M BTC ended H1 in unrealized loss vs. 9.22M BTC in profit, marking the first loss-over-profit crossover of the current cycle. Combined with a 53% drawdown and 275 days since October 2025 highs, this places BTC within a plausible, though unconfirmed, historical bottoming window into Q4 2026.

H1 exposed an asymmetric cross-asset profile. BTC amplified several risk-off moves but failed to participate in the subsequent AI-led equity recovery, underperforming every major asset class as higher real yields, a stronger U.S. dollar and tighter liquidity outweighed crypto-specific developments.

The market remained BTC-led even as ownership redistributed. Bitcoin dominance held broadly within a 57-60% range as BTC remained the preferred residual crypto exposure during market de-risking. Any changes in dominance reflected more stablecoin and broader market outflows than sustained capital rotation into altcoins.

The demand engines of the previous cycle became sources of two-way flow. U.S. spot BTC ETF net flows turned negative for the first time on a calendar-year basis, corporate accumulation became almost entirely dependent on Strategy, and miners increased treasury sales as hashprice reached record lows. Strategy itself shifted from buyer to seller, disposing of 32 BTC in May and 1,363 BTC at quarter-end to support reserve and distribution needs.

Weak mining economics widened the divide between pure-play miners and operators pursuing AI and high-performance computing revenue, changing how miners allocate power, capital and balance-sheet capacity. Separately, quantum risk moved from theoretical research toward concrete migration planning through draft protocol proposals, exposure estimates and growing institutional diligence.

Richa Sawhney, Partner - Tax, Grant Thornton Bharat

"The Guidance Note is a timely step in operationalising India's crypto-asset reporting framework and is aligned with the OECD's CARF standards. It provides practical guidance to Reporting Crypto-Asset Service Providers on their obligations under the Income-tax Act and Rules, with detailed FAQs addressing the key facets of implementation, including scope, due diligence, reportable users, reporting requirements, filing process and penalties. Importantly, it is a tax transparency and information-reporting measure, not a broader regulation of the legitimacy or permissibility of crypto-asset transactions.

The framework also differentiates between new and existing users. For new users, due diligence and valid self-certification are required at onboarding. For pre-existing users as of 31 December 2025, equivalent due diligence must be completed within 12 months from 1 January 2026. This gives service providers a practical transition window.

This development is also consistent with India's broader position, articulated during its G20 Presidency, that crypto-assets require a globally coordinated approach, as no single country can effectively regulate a borderless technology in isolation."

Nehlia Developers, a premium real estate developer focused on creating thoughtfully planned plotted developments and luxury farmhouse communities across North India, has announced acclaimed actor Randeep Hooda as its official Brand Ambassador. The partnership marks a significant milestone in the company's growth journey following its transformation from Nehlia Realtors to Nehlia Developers, reflecting its expanded vision of delivering developments that combine luxury, sustainability, wellness, and long-term investment value.

Built on shared values of authenticity, trust, and a deep appreciation for nature, the partnership reinforces Nehlia Developers' commitment to creating premium communities that offer modern lifestyles amidst expansive green landscapes and open spaces. Randeep Hooda's grounded personality and strong affinity for nature align with the brand's philosophy of developing spaces that inspire healthier and more fulfilling living.

Paytm (One 97 Communications Limited), India's full stack merchant payments leader serving MSMEs and enterprises, a leading financial services distribution company, and the pioneer of mobile payments, QR codes and Soundbox, has partnered with ClearTax, India's leading tax filing platform, to enable online income tax return filing through Paytm at a starting price of Rs 11. ClearTax is trusted by over 8 million taxpayers.

The Rs 11 plan is available exclusively through Paytm and brings ClearTax's automated online ITR filing experience to taxpayers. Tax details are prefilled directly from Income Tax Department records, with the relevant ITR form and tax regime selected automatically, reducing the time and manual effort involved in filing returns. Taxpayers with investments or capital gains can also import trade data from over 80 brokers in one click, following which capital gains are calculated automatically. Even when a broker changes its statement format, ClearTax's AI can detect the issue, update the parsing code and process the file without human intervention.

Rajagopal Menon, Vice President, WazirX

"The Committee's recommendations are a genuine policy milestone. The destination should be a comprehensive VDA framework that defines categories of digital assets, allocates regulatory responsibility and sets standards for licensing, governance, custody, disclosure and consumer protection, regulating assets by their characteristics and use rather than the underlying technology. But a full framework will take time, and regulation does not need to wait. It can begin at the exchange level, the natural gateway where users, trading activity and KYC already converge. Licensing Indian exchanges gives the government direct visibility into market activity and creates a clear compliance perimeter around supervised, accountable entities. Combine that with firm enforcement against offshore platforms operating outside Indian rules and you solve two problems at once: the regulatory vacuum at home and the migration of volumes to venues with no Indian oversight at all. The Committee's recognition of an SRO as an interim bridge makes exactly this sequencing practical. "

Early stage investment platform JITO Incubation and Innovation Foundation (JIIF) today announced the appointment of Anshu Jain as its Chief Operating Officer (COO), reinforcing the organisation's commitment to strengthening India's innovation and startup ecosystem.

Anshu Jain has been an integral part of JIIF's growth journey, leading incubation, strategic partnerships, and ecosystem collaborations with startups, investors, corporates, academic institutions, and government bodies. In her new role as COO, she will spearhead JIIF's operational strategy, expand its national footprint, and drive initiatives that empower entrepreneurs and foster innovation-led growth.

Union Living, has strengthened its managed housing presence in Pune with the launch of two new Build-to-Suit (BTS) properties - Eden by Union Living in Balewadi and X90 by Union Living in Baner. With the addition of these properties, the company's Pune portfolio has grown to 1,000 beds, marking a significant milestone in its strategy to scale organised managed housing.

The expansion comes as Union Living continues to scale its managed housing business across key urban markets. The company is targeting revenue of around Rs 90 crore in FY27, more than doubling its FY26 revenue of Rs 38 crore, supported by growing demand for professionally managed rental accommodation. Union Living currently operates 16 managed housing properties across Mumbai, Pune, Ahmedabad and Gurugram, with a combined capacity of around 3,000 beds, offering accommodation for students and working professionals across multiple price points.

Vikas Gupta, Country Manager - India, Bybit

"Bitcoin's move to $65,582.86, up 2.00% over the past 24 hours, is being driven by a combination of improving macro conditions and resilient institutional demand. The broader crypto market has also gained 1.77%, with sentiment improving after the U.S. and Iran paused military strikes, easing concerns around a wider geopolitical conflict. This de-escalation has reduced immediate inflation fears linked to potential oil price spikes, prompting renewed appetite for risk assets, including cryptocurrencies.

Beyond the short-term macro relief, Bitcoin continues to benefit from strong structural fundamentals. The post-halving supply dynamics remain intact, with the issuance of new Bitcoin permanently reduced by 50%, from approximately 900 BTC to 450 BTC per day. As institutional participation continues to strengthen, this constrained supply, coupled with sustained long-term demand, is supporting Bitcoin's price trajectory over the medium term.

Institutional adoption also remains a key pillar of the market. Bitcoin ETFs globally attracted approximately $12.4 billion in net inflows during Q1 2026 alone, underscoring continued confidence from institutional investors and reinforcing Bitcoin's position as a strategic digital asset.

Eternal Hospital, Jaipur, has successfully introduced Rajasthan's first da Vinci Xi Robotic Cardiac Surgery Program for coronary bypass surgery, marking a significant advancement in the treatment of coronary artery disease in the state. Since the program's initiation in March 2026, the hospital has been offering Robotic Coronary Artery Bypass Grafting (Robotic CABG) using the state-of-the-art da Vinci Xi Surgical System, with encouraging clinical outcomes. 

Robotic CABG is a minimally invasive alternative to conventional open-heart bypass surgery that enables surgeons to perform coronary artery bypass procedures through small incisions without dividing the breastbone. The advanced robotic platform provides high-definition three-dimensional visualisation and exceptional surgical precision, helping reduce surgical trauma while maintaining the highest standards of cardiac care.

Compared to conventional open-heart surgery, patients undergoing Robotic CABG benefit from smaller incisions, reduced postoperative pain, lower blood loss, fewer wound-related complications, shorter hospital stays, and a faster return to normal daily activities, contributing to an improved recovery experience.

Dr Ajeet Bana, Chairman, Cardiac Sciences, EHCC, said: "The da Vinci Xi Robotic Surgical System has transformed the way we perform coronary bypass surgery. By enabling surgery through small incisions without dividing the breastbone, robotic CABG offers patients a less invasive treatment option with faster recovery while maintaining the same standards of surgical excellence. Our goal is to make advanced cardiac care more accessible to patients across Rajasthan and neighbouring states."

India's EV market is growing rapidly, with industry estimates suggesting that electric vehicle sales crossed 2 million units in FY25. Read full report here

EPIC Foundation, the non-profit organization co-founded by HCL co-founders and industry think tanks Mr. Arjun Malhotra and Dr. Ajai Chowdhry with a mission to establish India as a global leader in electronics hardware product design and manufacturing, today announced a leadership transition within its top ranks. Mr. Arjun Malhotra has taken on the role of Chairperson of the Foundation, succeeding Dr. Ajai Chowdhry, who will now serve as Founder of the organisation.

The transition marks a new chapter in the Foundation's leadership structure where both visionaries will remain closely engaged in advancing their shared vision: Building a sustainable, self-reliant and complete ecosystem for semiconductors and electronics as a key driver of national transformation. Their continued collaboration will centre on supporting indigenous innovation, domestic manufacturing and IP creation, building technology sovereignty, enabling Indian Startups, improving market access, and fostering collaboration between industry, government, academia for a well-connected ecosystem.

Matrix Geo Solutions Limited, a geospatial technology and engineering consultancy, reported strong operational momentum during the first quarter of FY2026-27, securing new orders worth approximately Rs 6.41 crore and executing 36 projects across Rajasthan, Delhi, Madhya Pradesh, Assam, Manipur, Gujarat, Chhattisgarh, Karnataka, Meghalaya, Bihar, along with an overseas project in Mozambique. The orders were secured across the water, railways, mining, power and infrastructure sectors.

Several key infrastructure projects recorded significant progress during the quarter. The Narmada Parikrama Project reached nearly 50% completion, with survey work covering approximately 1,800 sq. km. completed within 40 days despite challenging terrain. The Nacala Rail Corridor project in Mozambique advanced to around 70% completion following mobilisation of project teams and equipment.

DeepFacts Pvt. Ltd., the HealthTech company behind proRITHM, has announced its expansion roadmap, with plans to strengthen its presence across Andhra Pradesh, Karnataka, Tamil Nadu, and Odisha before expanding across India by early 2027. It already holds a strong ground in Telangana. The company is also preparing for its entry into the U.S. market by late 2027 or early 2028 as it continues to scale its AI-enabled healthcare solutions.

Designed to make continuous patient monitoring simpler and more accessible, DeepFacts Pvt. Ltd. combines wearable technology with artificial intelligence to support early health risk detection and remote clinical monitoring. The platform enables healthcare providers to track vital health parameters in real time.

Manhar Garegrat, India Head, Liminal Custody

"Digital assets can be issued, held and transferred across borders outside the traditional financial system, making consistent reporting a challenge for tax authorities globally. The introduction of the Crypto-Asset Reporting Framework (CARF) by the OECD is an important step towards closing this gap. By enabling the exchange of crypto-asset information between jurisdictions CARF will reduce the regulatory arbitrage between jurisdictions and create a more level playing field for compliant local businesses.  

Interestingly, as per OECD, India continues to remain a jurisdiction identified by the global forum as relevant to the CARF which has not yet (officially) committed to implement the CARF, however CBDT's adoption of these reporting standards reflects its intent to align with global best practices while strengthening oversight of cross-border digital asset transactions."

Vikram Subburaj, CEO, Giottus.com

India's regulatory environment for virtual digital assets has seen two important developments in the past few days. The Parliamentary Standing Committee on Finance has recommended an interim regulatory arrangement, while the CBDT has issued guidance on crypto-asset reporting.

The two measures address separate gaps. India already taxes crypto transactions and requires exchanges to comply with anti-money-laundering obligations. It does not, however, have a law governing market conduct or investor protection. The committee's proposal for a recognised self-regulatory organisation (SRO) under a designated regulator could introduce common standards for governance, disclosures, customer protection, and grievance redressal while the government considers wider legislation.

The CBDT guidance deals with tax transparency. It explains how crypto-asset service providers must identify reportable users, conduct due diligence and furnish transaction information under India's CARF-aligned framework. It introduces neither a new tax nor a regulatory regime. It will give the tax authorities better access to transaction data, including information received from participating overseas jurisdictions.

Exchanges will now have to place reporting, governance, and customer protection at the centre of their operations. Investors must ensure that their tax returns agree with their exchange, bank, and wallet records. The government must eventually determine how different assets should be governed. A tokenised security, a payment token, and an issuer-less asset such as Bitcoin do not create the same rights or risks, and should not be treated alike.

According to the audit report, the West Bengal government decided in August 2017 to transfer 1,326.93 acres to WBIDCL for industrial development. Read full report here

Whether a house is self-occupied or let out determines how income from that property is calculated and what deductions can be claimed. Read full report here

Mangalam Worldwide Limited (MWL), a leading fully integrated stainless-steel manufacturer, announced its financial results for the quarter ended June 30, 2026.

Total Income of the company stood at Rs 316.85 crore in Q1 FY27, marking a YoY growth of 13.40% from Rs 279.41 crore in Q1 FY26. MWL reported a Profit After Tax (PAT) of Rs 12.02 crore, up 18.71% YoY, from Rs 10.13 crore in Q1 FY26. Adjusted EBITDA stood at Rs 29.72 crore, registering a growth of 50.74% YoY compared to Rs 19.72 crore in Q1 FY26.

Akshat Siddhant, Lead quant analyst, Mudrex

Bitcoin is showing signs of recovery, trading around the $65,000 mark after successfully holding support above $63,000. However, the rebound remains weak as US spot Bitcoin ETFs ended the week with net outflows, limiting upside momentum. Broader macroeconomic uncertainty and ongoing geopolitical tensions have also kept investors cautious, reducing appetite for risk assets ahead of this week's FOMC meeting. Markets are now pricing a 38% probability of a Federal Reserve rate hike, up sharply from 13% a week ago. Investors will closely watch Kevin Warsh's commentary for clues on the policy outlook. A dovish tone could lift Bitcoin toward $66,000, while a hawkish stance may see support tested near $61,000.

Vikram Subburaj, CEO, Giottus.com

Bitcoin has travelled a fair distance from its July 1 low of $57,754, gaining nearly 13% to trade around $65,160 on July 27. For investors, the question is whether the recovery has enough demand to continue beyond $68,000. The answer remains uncertain because Bitcoin is still moving within the $64,000-$66,800 range that has contained it through much of the past week.

The rally initially had meaningful support from US spot Bitcoin ETFs, which received $999.3 million over 7 consecutive trading sessions between July 14 and July 22. That support weakened just as Bitcoin approached its immediate resistance, with the ETFs losing $225.1 million on July 23 and another $240.1 million on July 24. The final net inflow for the week was therefore only $33.9 million, which helps explain why Bitcoin has struggled to convert its 13% rebound into a decisive breakout.

The price levels now offer investors a simple way to judge what comes next. Bitcoin must first move beyond $66,800 and then close convincingly above $68,000, where sellers have repeatedly entered the market. The bigger hurdle lies near $69,000-$69,500, which represents the average acquisition cost of short-term holders and could attract selling from recent buyers waiting to recover their capital. The same framework applies on the downside, with $64,000 serving as the first support for the current recovery.

A sustained break below $64,000 could pull Bitcoin towards $62,500-$63,000, while a deeper loss of confidence would bring $60,000 and the $57,754 July low back into consideration. The market is therefore trading within a relatively narrow decision area, with approximately $5,500 separating near-term support from the short-term-holder cost basis.

On-chain data shows why the market has not broken down despite weak ETF demand. Around 12.20 million BTC, equivalent to 60.8% of circulating supply, had remained unmoved for more than 1 year by mid-July. A further 3.55 million BTC, or 17.7% of supply, had been held for between 6 and 12 months, suggesting that a large section of the market is prepared to wait through the current weakness. That patience should not be mistaken for a fully repaired market, because only 53% of Bitcoin supply was in profit against a 4-year average of 76%. These readings suggest that long-term holders are absorbing supply, but many investors who entered at higher prices are still carrying losses.

The improvement in altcoins has also been selective rather than market-wide. Ethereum was the clear outperformer at approximately $1,945, gaining 3.52% over 24 hours and 3.92% over 7 days. Solana rose 2.27% in 24 hours but remained 0.39% lower for the week. BNB gained 0.53%, XRP rose 0.66%, and TRON added only 0.12%, while Bitcoin retained a dominant market share of 58.6%. 

The next move may ultimately be decided outside the crypto market, beginning with the US Federal Reserve meeting on July 28-29. Markets were assigning a 36.3% probability to a 25-basis-point increase from the existing 3.50%-3.75% policy range. This makes the decision unusually significant for liquidity-sensitive assets. A rate increase or hawkish guidance could strengthen the dollar and weigh on Bitcoin, while a policy hold could support another attempt at $68,000. Oil will influence that decision because Brent fell 4.7% to $92.19 on July 27 after the US and Iran paused attacks, having previously moved above $100. A sustained decline below $100 would ease inflation concerns, but renewed conflict could quickly restore the pressure on interest rates and risk assets. The July 30 releases of US Q2 GDP and June PCE inflation, followed by the Q2 Employment Cost Index on July 31, will provide the next evidence on that question.

Our advice: For investors, the present market does not warrant chasing a 13% rebound or treating every green session as confirmation of a new trend. The recovery becomes stronger above $68,000 and more credible above $69,500, while a fall below $64,000 would indicate that the rebound is losing support. Until one of those levels breaks, staggered purchases and limited leverage offer a more measured approach than making a large directional bet around the July 29 Fed decision.

Riya Sehgal, Research Analyst, Delta Exchange

Bitcoin is consolidating near $65,200 after facing repeated supply around $66,500-$67,000. Its 4-hour structure remains moderately bullish, with price trading above the major moving averages. However, fading momentum below resistance suggests that buyers may require a fresh catalyst. A decisive 4-hour close above $67,000-$67,200 could open the path toward $68,000-$68,500, while $65,000 is the immediate support, followed by the stronger $64,200-$64,700 demand zone. A breakdown below this region could expose $62,500-$63,000.

Ethereum is outperforming near $1,940, reflecting improving risk appetite across the broader crypto market, while ETF participation and reduced long-term-holder selling remain constructive. I

n commodities, gold is stabilising near $4,050, with $4,000 as key support and $4,100-$4,150 as resistance. Silver is holding above $55 but remains sensitive to yields and the dollar.

Global financial markets are entering a high-risk event week, with the Federal Reserve decision, major technology earnings and geopolitical developments likely to drive volatility across asset classes. Easing US-Iran tensions have softened oil prices and supported equity futures, but elevated Treasury yields and persistent inflation concerns remain important constraints. Wall Street sentiment has also turned cautious after Tesla and Alphabet highlighted heavy investment spending and weaker free-cash-flow trends, intensifying scrutiny of returns from the AI capital-expenditure cycle. Overall, Fed communication, technology-sector guidance and macro liquidity are likely to determine the next directional move.

Gaurav Udani, Founder - ThinCredBlu Securities Pvt. Ltd

"Nifty is expected to open higher around 23,900, up nearly 120 points, indicating a positive start supported by improved global cues and easing market sentiment.

The recovery could help the index move back towards key resistance levels, but traders should watch whether the gains are sustained after the opening.

Technically, 23,700-23,750 will act as the immediate support zone, while 24,000-24,100 remains the key resistance range. A decisive move above resistance could trigger fresh buying and improve the short-term outlook.

Despite the positive opening, markets remain sensitive to global developments, and volatility cannot be ruled out.

Traders should avoid chasing the gap-up opening and instead wait for confirmation above key resistance levels. A buy on dips approach remains preferable as long as Nifty holds above its immediate support zone."

Nischal Shetty, founder, WazirX

"Crypto markets began the week on a steady footing, with Bitcoin trading around $65,100 and Ethereum hovering near $1,944, reflecting cautious optimism despite persistent macroeconomic uncertainty. Trading activity remains measured as investors assess global monetary policy signals, while institutional participation continues to provide underlying support. Bitcoin's ability to hold key price levels suggests long-term conviction remains intact.

Beyond price action, regulatory clarity is gradually improving across major markets, tokenization initiatives are gaining traction, and blockchain adoption is expanding across financial services and enterprise applications. These developments reinforce the view that the current phase is driven more by infrastructure building."

BTC held above $65K despite the US-Iran conflict, supporting expectations of a relief rally if tensions ease and oil prices continue declining. Brent crude is trading near $87, with lower energy prices potentially improving sentiment across crypto and broader risk assets. Dormant Bitcoin activity also fell to its lowest level since Q3 2022, suggesting long-term holders have reduced selling. Holding above $65K keeps the near-term structure constructive, while a sustained break above $66K could open the path towards $67K-$68K. However, the Fed decision and geopolitical developments remain key drivers.

Rajesh Palviya, Head of Research, Axis Direct

The Nifty 50 ended Friday at 23,767.45, down 102.15 points or 0.43%, extending its losing streak to five consecutive sessions and recording a weekly decline of 2.33%. Investor sentiment remained under pressure after Brent crude surged above the $100-per-barrel mark amid heightened geopolitical tensions in the Middle East, triggering broad-based selling in auto, metals and energy stocks. IT and media shares provided some resilience, while the Bank Nifty outperformed marginally to close at 56,693.50. Global cues were mixed, with the Dow Jones advancing 0.46% on strength in Apple, while the Nasdaq slipped 0.64% as weakness in semiconductor stocks, led by Intel, weighed on technology counters.

Market sentiment has improved meaningfully over the weekend after the US and Iran paused military action, easing fears of an immediate supply disruption. Brent crude has corrected sharply by more than 9% to around $88 per barrel, offering a significant tailwind for India through lower inflation expectations, an improved current account outlook and reduced pressure on the rupee. Despite weakness across Asian markets, firm US index futures and a strong rebound in Nasdaq futures have lifted risk appetite, with GIFT Nifty indicating a positive opening of around 100-110 points.

Technically, the near-term outlook has turned cautiously constructive, although the Nifty still needs to reclaim the 24,000 mark to signal a meaningful recovery. As long as the index remains below this level, volatility is likely to persist. Immediate support is placed at 23,650, followed by 23,450, while a sustained move above 24,000 could trigger a pullback towards 24,200-24,300. Going forward, crude oil prices and geopolitical developments will remain the key variables, with sustained softness in oil likely to improve market sentiment further.

Industry players believe the latest guidance is an important milestone, even though it does not introduce new taxes or regulate crypto assets. Read full report here

At the close on Friday, the total market cap of all BSE Sensex companies stood at Rs 4,75,69,475.