Citing the brief global slowdown that accompanied the Covid-19 pandemic, Saha said that some parts of the economy and population recovered sooner than others.
A new bill introduced in the U.S. Senate would make the Commodity Futures Trading Commission (CFTC) the direct regulator of the biggest cryptocurrencies.
On the upside, some resistance can be seen at 16,800 levels while the near-term support is placed at 16,500, and then towards 16,400 levels, suggest experts. Traders should look for stock-specific opportunities for the next couple of sessions and be vigilant on the market movement post the event, Ruchit Jain, Lead Research, 5paisa.com, said.