“There is a case for investment in new age startups. One will have to look at some of these in the context of the overall market opportunity and whether these companies are close enough to getting to a stage where EBITDA is positive and cash flow is positive. ”

The S&P BSE Sensex index rose as much as 305 points to touch 58,482.62 in the first few minutes of trade, and the broader NSE Nifty 50 benchmark climbed to as high as 17,425.70, up 70 points from its previous close.

“The level at which the market is now, finding new leadership is going to be a tough task and I would suggest trading with caution from here on.”

Company reported net profit after tax of Rs -351.75 Crore in latest quarter.

Brent crude rose 15 cents, or 0.2% to $73.66 a barrel by 0048 GTM, having gained 0.8% the previous day. US West Texas Intermediate (WTI) crude also climbed 23 cents, or 0.3%, to $70.68 a barrel, after rising 1.1% on Monday.

Spot gold fell 0.2% to $1,790.74 per ounce by 0138 GMT. US gold futures eased 0.1% to $1,792.10.

The proposal being discussed includes extending the moratorium on spectrum payments for companies by a few years, and thereafter convert the interest portion — to be charged to maintain the net present value (NPV) of the outstanding — into equity, while the companies are be mandated to pay back the principal in its entirety, sources said.

US clients of the brokerage will now be able to trade and custody bitcoin, ethereum, litecoin and bitcoin cash alongside stocks, options, futures, bonds, mutual funds and exchange-traded funds, the company said.

Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 380762.25 Crore) operating in Telecommunications sector.

With the entire debt repayment at Volcan, the pledge on all the equity shares of VRL has been released, the company said in the statement.