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Prices in India, the world’s biggest consumer after China, have rallied in the past month in line with the overseas markets as investors sought safe havens following Russia’s invasion of Ukraine. The country imports almost all the bullion it consumes and costs are rising as the Indian currency trades near a record low.

While the contours of the deal are being finalised it is likely to be a 10:1 ratio which is expected to value Blinkit at around $700-800 million based on Zomato’s current market capitalisation.

The Nifty Bank index closed 0.82 per cent down at 35022.65.

Through its new product launch, the Mumbai-based brokerage will provide a platform where individuals will have easy access to information and research on cryptos.

The rallies of recent years were a boon to 60/40 portfolios, with rock-bottom interest rates pushing up both bond prices and stock valuations, particularly those of high growth companies.

At the interbank foreign exchange market, the rupee opened strong at 76.40 against the American dollar. However, it pared gains later to enter the negative territory as investors turned cautious amid intensifying Russia-Ukraine conflict. During the day, it moved in the range of 76.32 and 76.68.

“The next capex cycle will be across renewables, defence and many other industries where either countries or companies have a supply constraint or risk. That is going to throw up a lot of new opportunities in a lot of new sectors. It is going to be a global factor. That is going to play out six months on.”

In a regulatory filing late on Friday, Ruchi Soya said a committee of the board has approved and adopted the red herring prospectus.

National Stock Exchange on Monday put the company in the list of securities banned from trading in the futures and options (F&O) segment after it crossed 95 per cent of the market-wide position limit.

According to the norms, the process of underwriting loans will be carried out on an analysis of risk, and in line with the same, a risk premium would be charged from the borrower. The revised framework is applicable from April 1.