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Gold prices were flat on Tuesday as a weaker dollar partially offset pressure from elevated U.S. Treasury yields, which dim the appeal of a non-yielding bullion. Spot gold held its ground at $1,818.87 per ounce, as of 0022 GMT. U.S. gold futures edged up 0.1% to $1,818.50.

The yen edged higher ahead of the outcome of a central bank policy meeting on Tuesday, while the dollar seemingly ignored U.S. Treasury yields hitting new near two-year highs on their return from a long weekend break.

The domestic mutual funds increased exposure to cyclical sectors including banking, capital goods, retail, and automobiles in December amid ebbing risk of the third wave of the pandemic to the GDP growth.

The fund house is said to have already written down the full value of an estimated portfolio of about Rs 1,250 crore of Vi papers before any redemption. The value to those securities became nil after being separated from other financially stable portfolios.

PLI was the first and the largest in a series of such schemes launched by the government to make India a manufacturing hub, aiming to wean away manufacturers mainly from China.

In another transaction, Nomura Singapore acquired 50 lakh shares of Seacoast Shipping Services at Rs 19.71 apiece, bulk deal data published by BSE showed. The stock ended up by 8 per cent on the exchange.

The valuation Oyo is targeting would be lower than the $12 billion initially reported last year and probably lower than the $10 billion level the startup hit in 2019.

Sensex and Nifty broke their five-day rising streak to close with slim losses on Friday

Tech Mahindra said that it has acquired Com Tec Co IT (CTC) for 310 million euros (around Rs 2,628 crore), including earnouts and synergy linked payouts.

Tuesday is likely to see the levels of 18,345 and 18,390 acting as potential resistance points