Crypto

Among sectors, gains were seen in Nifty Realty, Nifty Auto, Nifty Metals, Nifty Private Bank and Nifty FMCG, while Nifty IT, Nifty Pharma dn Nifty Oil & Gas reeled under selling pressure.

The Nifty 50 fell to its lowest level in 117 sessions and traded at levels last seen on April 7. The Sensex reached its lowest level in 73 sessions, falling to levels last seen on June 11.

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Nifty Metal rose 2.22%, while Nifty Realty, Nifty Private Bank and Nifty PSU Bank gained between 1.14% and 1.52%. Nifty IT fell 0.97%, while Nifty Media declined 0.47%.

Broader markets also ended lower, with the Nifty Small Cap 100 index settling 0.21% lower and the Nifty Mid Cap index closing 0.09% lower.

The decline in oil prices comes amid reports of likely resumption in backchannel talks between the US and Iran.

Despite heavy losses in crypto-linked stocks, expert believes the Senate vote for the CLARITY Act was not a major setback.

Broaders markets, too, were buzzing in trade. Nifty Small Cap 100 index was trading over 1% higher, hile Nifty Mid Cap 100 was trading 0.5% higher.

The selloff in crypto market came was triggered by the failure of the US Senate to advance the Clarity Act, which has renewed concerns around the pace of regulatory clarity for digital assets.

The US Senate vote on the CLARITY Act comes amid uncertainty over the 60 votes needed to advance the landmark crypto bill and concerns over stablecoin rewards.

Among sectors, Nifty IT and Nifty FMCG were trading in the green, while Nifty Metals, Nifty Realty, Nifty PSU Bank and Nifty Auto led the losses.

The Nifty 50 traded 0.78% lower at 23,296.20, recovering 64.40 points from its day's low. The Sensex fell 0.72% to 74,365.15, but recovered 209.42 points from its intraday low.