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“The commodities cycle is not over and the difference this time is all companies are mostly deleveraged. They are not sitting on four, five times leverage and are consistently paying out the debt. Even the worst of the lot, which I have a holding in, is Vedanta and that is a composite commodity producer.”

Gold futures on MCX were trading down by 0.13 per cent or Rs 62 at Rs 49,323 per 10 grams. Silver futures eased more than 0.16 per cent or Rs 103 to Rs 62,886 per kg.

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 21114.88 Crore).

"Given the fact, India Vix index is sustaining above levels of 20, Nifty will continue its volatile ride, marking huge swings on both sides. Multiple lows ensure immediate support near 16,800, while a decisive breakthrough above prior week’s high (i.e. 17,639) is essential to end the recent series of lower highs," YES Securities said.

Investors are now pricing in around 175 basis points of interest rate increases by next February and a 62% chance the Fed will raise rates 50 basis points at its March meeting. A rate hike of at least 25 basis points in March is fully priced in.

Big institutions like hedge funds and investment funds are becoming increasingly interested in cryptocurrencies and are looking to banks to act as their intermediaries.

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.