The market cap of Shiba Inu has raced past the $5.22 billion mark. The token had hit a high of $0.00001482, but later on gave up some gains.

“Over the course of the next 18 to 24 months, while we are positive on the overall economic environment shaping up, we would be a lot more selective going ahead rather than believing that everything under a broad brush will catch the momentum.”

Oil and gas explorers were in heavy demand throughout the day. IT names also bounced back while banks saw buying as well. On the other end, pharma, realty and metal stocks were under pressure.

The Nifty Auto index closed 0.48 per cent up at 10692.0.

The stock quoted a 52-week high price of Rs 362.85 and a 52-week low of Rs 166.8.

“Incumbent players, especially large ones would not find it difficult if they are willing to be a change agent for themselves. ”

As of 30-Jun-2021, promoters held 48.76 per cent stake in the company, while FIIs held 23.7 per cent and domestic institutional investors had 9.03 per cent.

Aside from India, the report flagged increased crypto adoption in Pakistan and Vietnam. The share of Indian activity on decentralized finance platforms was 59%, higher than the latter two nations.

A total of 1,509 shares changed hands on the counter till 02:13PM (IST)

The Relative Strength Index of the stock stood at 56.79 on Tuesday.