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Defense stocks Raytheon Technologies, Lockheed Martin Corp, General Dynamics Corp, Northrop Grumman and L3Harris Technologies gained following news that Germany would increase its military spending.

Concerns over tightening supplies drove prices higher as peace talks between Russia and Ukraine on Monday ended with officials heading back to capitals for further consultation, suggesting conflict resolution is not imminent.

Market declines have been so extreme that Russia’s central bank halted local trading on Monday, meaning some of the losses are understated. Shares of London-listed Russian companies, from gas producer Novatek to steelmaker Severstal, tumbled by more than 50% on Monday after the U.S., U.K., European Union and other countries ratcheted up sanctions.

"Bitcoin could be a potential safe haven for Russian oligarchs avoiding sanctions as there will be no censor on the Bitcoin network and on cryptocurrency transactions," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

The decision is a first in many ways – the first lady chairperson of the prestigious institution, the first chairperson from the private sector, and the first person with a markets background to reach the highest echelon in Sebi.

The approval comes exactly a year after FRL approached the NCLT in Mumbai seeking permission to hold these meetings to approve the Rs 24,000 crore transaction.

In its petition, a copy of which ET has seen, Axis Finance said it had lent ₹100 crore to Cyquator Media Services, a promoter group firm of Zee Entertainment Enterprises (ZEE), in May 2018. From September 2019, Cyquator was in default of the interest payment, it said.

Buch is no stranger to Sebi and market participants. As a whole-time member of the capital-markets watchdog for nearly five years to October, 2021, she drove several changes in the mutual fund and stock broking industries that are recognised to have made investing in debt schemes and stock trading safer.

Fall in valuations has encouraged promoters and insiders to buy shares in companies such as HCL Technologies, Chambal Fertilisers, Metropolis Healthcare, KRBL, Bajaj Auto, Westlife Development, Hatsun Agro Product, Maharashtra Seamless and Quess Corp among others, showed data compiled from the BSE.

Commodity markets will be closed for the morning session but will open in the evening.