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Vedant Fashions will make it Dalal Street debut on Wednesday as the company raised 3,149.19 crore via its IPO by selling its shares in the range of Rs 824-866 apiece between February 4-8.

Investors have soured on new tech offerings after the calamitous public debut of fintech firm Paytm, as well as the battering received by newly listed e-commerce operators Zomato Ltd. and Nykaa. Regulators have stepped up scrutiny of IPO candidates after investors got burned, contributing to the delays.

Strong demand helped push up prices charged by hosts, with average daily rates during the fourth quarter up 20% at $154. The company expects the higher rates to bolster first-quarter results.

That is putting pressure on the Fed to not only raise rates from a record low but also to reduce its nearly $9 trillion balance sheet, drastically inflated by emergency bond purchases as the Fed resuscitated the economy from COVID-19 pandemic damage.

Gold prices slipped on Wednesday, pulling further away from an eight-month peak scaled in the previous session, as signs of a slight de-escalation in the Russia-Ukraine standoff diminished the appeal of safe havens. Spot gold was down 0.1% at $1,850.91 per ounce, as of 0110 GMT. U.S. gold futures dropped 0.2% to $1,852.40.

Asian shares rallied on Wednesday as fears of a Russian invasion of the Ukraine this week dissipated after Moscow indicated it was returning some troops to base from exercises, delivering investors a measure of relief.

The euro held on to overnight gains in early Asian trade on Wednesday having jumped on reports that some Russian forces had moved away from the Ukraine border, though, with tensions still elevated, the common currency failed to make further progress.

“In case of borrowers having more than one credit facility from a lending institution, loan accounts shall be upgraded from NPA to standard asset category only upon repayment of entire arrears of interest and principal pertaining to all the credit facilities,” the RBI said.

The Dow Jones Industrial Average rose 422.67 points, or 1.22%, to 34,988.84, the S&P 500 gained 69.4 points, or 1.58%, to 4,471.07 and the Nasdaq Composite added 348.84 points, or 2.53%, to 14,139.76.

A large white candle emerged; this not only reflects strong directional consensus of the market participants, but also validates the strength of the support of the falling trend line as well as the 200-DMA