According to DeFi Pulse, the total value locked in DeFi protocols is over $78 billion — a growth of 10x since May 2020. This represents the current value of all deposits locked in the form of cryptocurrencies for lending, staking, liquidity pool and so on.

“If we are going into a rough patch for the US market, than that could prove to be a great positive. One good thing about India is that foreigners are not loaded to the gills with Indian stocks like they were in 2008. I do not see a lot of pent-up selling from foreigners because that selling has largely taken place already.”

The Nikkei share average ended 1.71% lower at 26,449.61, but escaping losses that at one point were as steep as 2.5%. The broader Topix shed 1.55% to 1,881.08, also marking a fourth straight losing session.

The benchmark S&P/ASX 200 index closed 1% lower at 7,161.3 after hitting a two-week low earlier in the day. It gained 0.2% on Monday.

Proceeds raised so far this year by companies going public in Europe, the Middle East and Africa are down 79% to $3.1 billion compared to the same period last year, when companies raised $15.1 billion in what was a record-breaking year for equity capital markets activity in the region, according to Refinitiv data.

The analyst said 16,800 is important as Nifty has recovered from this level in the last three occasions. The market is still in the range, where 16,800 is the lower end and 17,600 is the upper range, he said.

As growth impulses pick up in the post-COVID period, ICICI Securities believes that for equity markets, the momentum is largely emanating from midcaps and smallcaps.

Swiggy is hoping to raise the funds to expand market share amid stiff competition with Zomato in food delivery.

“We will be watching out for any overreaction to this crisis in Ukraine and if markets overreact over the next two-three weeks, that is needless dramatisation of the Ukraine situation. We will try to make sure that we behave appropriately and help our clients profit from that. I am not so sure we should all indulge in crystal ball gazing on the oil price because there are enough levers for the global business community to move the oil price in the opposite direction.”

Promoters held 43.49 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 35.31 per cent and 1.56 per cent, respectively.