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Historically, in times of declining economic growth, it is the largecaps that have outperformed. When GDP growth dropped between 2010-2012, Nifty50 rose nearly 13% whereas Nifty Midcap50 declined by 11.9%. Similarly, in rising inflation phases, such as between 2007 to 2010, the former gained 53% while the latter gained 30%.

The funds had shown interest and the government wants to confirm their participation, said officials involved in the offer. ET had reported earlier this week that the IPO is likely to be held toward the end of this month.

"Ongoing developments in commodities should be monitored for potential impacts on financial conditions broadly," according to the note from Dallas Fed economists, including Jill Cetina, who leads surveillance and supervisory risk analysis.

The initial purchase was at the time among the most expensive sales of a non-fungible token, or NFT, and came amid a flurry of interest in the niche crypto assets which have since generated billions of dollars in sales. Estavi put the tweet up for resale on the popular NFT marketplace OpenSea last week, initially asking for $48 million. That price tag was removed after offers in the first week were in the low hundreds of dollars

​​ Unless the high government borrowings and adverse interest rate cycle play spoilsport, the ongoing financial year is expected to be robust in terms of fund raising activities through the debt route on account of higher demand for credit from corporates in light of the improving economic outlook, experts said.

"We expect the Russia-Ukraine issue to settle down in the next 1-2 months and FPI flow would return to Indian equities soon, taking markets to a new high in 2022. We also expect that SIP trend would remain strong as the return from most other asset classes is much lower than equity and equity MFs."

The greenback was 0.43% higher at 126.40 yen after earlier reaching 126.56 for the first time since May 2002. The euro slipped 0.14% to $1.0812, heading back toward the overnight low of $1.0785, a level unseen since April 2020. New York Fed President John Williams said on Thursday that a half-point rate rise next month was "a very reasonable option," in a further sign that even more cautious policymakers are on board with faster monetary tightening.

“If one has to invest in the market now, these sectors could be the top bets – financials, oil and gas as well as cement because coal prices came off a bit and I am expecting a price hike down the line. Plus, industrials and defence are looking good. It is a good time to get into the defence sector. ”

Brokerage Motilal Oswal Securities expects the life insurer to report a net profit of Rs 301 crore for the quarter compared with Rs 63.80 crore in the same quarter last year. This is even as the first year premium is seen falling 9.1 per cent YoY to Rs 1,845 crore from Rs 2,029.30 crore. Renewal premium is seen rising 3.3 per cent to Rs 7,141 crore from Rs 6,912.60 crore. Overall, net premium income is seen at Rs 11,6964, down 1.5 per cent YoY.

According to the binding agreement, Black Rock Real Assets will invest the funds by equity and compulsorily convertible instruments for a 10.53 per cent stake in Tata Power Renewables, translating to a base equity valuation of Rs 34,000 crore. The final shareholding will range from 9.8 per cent to 11.4 per cent on final conversion.