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Japanese lenders Mizuho Bank, MUFG and Sumitomo Mitsui Banking Corp (SMBC) are likely to sign an agreement for the loan around Japanese Prime Minister Fumio Kishida’s India visit this week.

Gold prices fell on Monday, dragged by firmer U.S. Treasury yields and improved risk appetite on hopes of peace between Russia and Ukraine. Spot gold was down 0.4% at $1,977.14 per ounce by 0045 GMT. U.S. gold futures fell 0.4% to $1,976.40.

Asian shares advanced and oil slipped on Monday on hopes for progress in Russian-Ukraine peace talks even as fighting raged on, while bond markets braced for rate rises in the United States and UK this week. While Russian missiles hit a large Ukrainian base near the border with Poland on Sunday, both sides gave their most upbeat assessment yet of prospects for talks.

There’s certainly reason to be worried about inflation as Russia’s invasion compounds the pressures ignited by the pandemic. With a 25 basis-point hike near-certain on Wednesday after Powell took the rare step of publicly backing such a shift, futures markets show around 165 basis points of tightening this year, or the equivalent of at least six quarter-point increases.

ArpWood, Varde Partners, Multiples Fund, Nippon Life, JC Flowers, Brookfield, Oaktree, Apollo Global, Blackstone, and Hero Fincorp are the other major companies that have submitted Expressions of Interest (EoI) for Reliance Capital by 11 March.

Overall, the markets are unlikely to see any major extension of the up move so soon; they are likely to trade in a defined range and stay potentially under a broad consolidation. The F&O data show some internal strength as NIFTY current month futures has seen over 4.25 lakh shares or 3.54% being added to the net open interest.

"Even as we expect the cyclical recovery trend to continue, we expect it to be softer than we previously projected," it said in a report. "We believe that the ongoing geopolitical tensions exacerbate external risks and impart a stagflationary impulse to the economy."

The policy-setting Federal Open Market Committee holds its two-day policy meeting this week, with an announcement set for Wednesday when it is poised to begin raising the benchmark lending rate that was cut to zero at the start of the Covid-19 pandemic in March 2020.

Bitcoin reached its highest at $42,000 on March 9th when US President Joe Biden signed the executive order. It is trading above $39,000 with dominance of nearly 42 per cent over the past day. The second-largest cryptocurrency, Ethereum, meanwhile, is trading at US$2,500. The fluctuations in the market may continue the next week too, due to the inflation due to war.

On February 13, the government filed the draft red herring prospectus (DRHP) for the IPO with Sebi, which granted its approval for the same last week.