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The pan-European STOXX 600 index slipped 0.4% by 0814 GMT, with Asian stocks also under pressure as investors braced for a hawkish update from the Federal Reserve this week.

“I would say we clearly need to leverage on our strengths as a country in terms of the huge consumption potential that we have - the ability to actually take advantage of the relocation of global value chain or even on the services side of the economy, there is a lot of scope in terms of digital penetration, lot of scope on food processing, new technology, new sectors, green tech etc,” says Sonal Varma.

BofA Securities said higher capex could be achieved from potential large disinvestments of about $33 billion and a likely subsidy cut, mainly on food subsidy as Covid support normalises.

“We will see sharp pull back rallies in some names but one has to be very careful whether this is buy on dip or sell on rally. For me growth stock is the sell on rally and value is buy on dips.”

Analysts are of the view that this weakness in the market is also an opportunity

The public issue will constitute 41.75 per cent of the post offer paid-up equity share capital of the company.

“I would foresee 2022 as a good year for the start-up ecosystem apart from a small blip that you will see for some time now.”

The digital token has slipped down to the eighth spot among the largest crypto tokens from the fifth position earlier. It has lost two-thirds of its value from the peak of $260 hit last November. The crypto-token was trading around $86.5 on Monday.

India may raise price cap on deepwater gas by 60%: Reliance

The largest cryptocurrency trading down 7.4% at $33,650, its lowest since July 24, taking losses from its all-time high of $69,000 hit in November past 50%.