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However, global factors like recessionary fears in the US and Europe, geopolitical risks and rising Covid-19 cases in China are likely to bring in volatility in the coming year, said Motilal Oswal Broking and Distribution.

Even as some of the major Asian markets snapped 5-day losing spree, Sensex declined 241 points to close at 60,826, while Nifty settled at 18,127. Meanwhile, broader markets continued to underperform the key indices.

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The premium in the grey market is marred by multiple factors including selloff in the secondary markets, rich valuations, high competition, low market shares and lesser known brands.

Till the index holds below 18250 zones, weakness may be seen towards 18000 and 17950 zones, whereas hurdles are placed at 18250 and 18350 zones, said Chandan Taparia of Motilal Oswal.

"Fear of global growth slowdown amidst the rapid interest hikes and geo-political concerns between Russia-Ukraine is supporting the safe haven appeal for both these metals.

The fund raised through the AT1 bonds will support the business growth of the bank, it added.

"The policymakers are concerned over inflation, which means more hikes are in the offing," said Debendra Kumar Dash, senior vice president, treasury, at AU Small Finance Bank.

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At the summit, while reiterating that cryptocurrencies have no underlying value and pose serious risks to macroeconomic and financial stability, he underscored that private cryptos should be prohibited.