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Billionaire Mukesh Ambani-owned Reliance Industries had transferred leases of some stores to its name and sublet them to Future but is now taking over. Reliance has offered store staff jobs on existing terms.

“Once this conflict is behind us, monetary policies around the globe will become the central issues for the markets and to that extent it is very difficult to say that the volatility will die down once the conflict is resolved. It may take a breather if there is a relief rally but the change in monetary policies around the globe will be the central issue and will continue for the markets in 2022.”

The bank also said in a statement it had yet to decide whether to open markets other than the forex and money market on Monday.

While taking into account the recent geopolitical tensions, KR Choksey PMS suggests that Nifty50 usually corrects 31-37 per cent on an average in a bull market and that the recovery post bottom formation takes about 4-6 months in case of war crisis and around a year or two in case of consequential events.

Indian Energy Exchange Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 18382.29 Crore) operating in Financial Services sector.

Promoters held 46.74 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 18.88 per cent and 13.61 per cent, respectively.

The S&P/ASX 200 index ended 0.7% higher at 7,049.1, extending gains to a straight session, even as broader Asian markets fell.

On the technical charts, the RSI of the stock stood at 34.71.

“The big risk is actually the dollar index. For some reason, the dollar may strengthen further because it is sometimes used as a risk haven currency as well. Also, two months down the line, we may find the Fed tightening much faster than the other developed markets. RBI is probably building in the fact that economic growth is not going to pick up in a hurry in India. The output gap is likely to stay negative all through FY23.”

The central bank also announced a slew of measures on Sunday to support domestic markets.