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"The quicker we can get some news on what caused the incident, the quicker the market will be able to move on," she said. "We may see a little bit of volatility at the open tomorrow."

The benchmark 10-year yield, which was last at 4.9813%, has climbed some 35 basis points this week, driven by rising expectations that the Federal Reserve is likely to keep interest rates higher for longer and mounting U.S. fiscal concerns.

New 3 yr facility from a mega consortium of 18 banks will simplify debt structure, improve credit rating, boost cement sector growth plans while saving upto quarter of a billion dollars. Largest refinancing in APAC this year.

Bain, KKR and Carlyle keen on control, open to backing ex-CEO Chaudhry and Ranjan Pai as anchor investor; Byju’s parent denies sale plans

He also pointed to tightening financial conditions, driven by a rise in longer-term bond yields

Despite an early dip, the Nifty, however, showed remarkable resilience, rebounding 113 points to conclude the session 46 points down at 19,625. The Sensex, which fell 843 points in the last six trading sessions, closed at 65,629.

Data released by the Association of Mutual Funds in India (AMFI) last week showed that liquid funds witnessed net outflows worth ₹74,176 crore in September - the highest for any category within debt oriented schemes.

Demand in rural areas has fallen on a two year basis although the pace of decline has reduced significantly over both sequential and from a year earlier, it said.

While major lenders have offered term sheets of up to ₹6,000 crore, smaller funds have shown interest in providing loans ranging from ₹800 crore to ₹1,000 crore, contributing to the larger financing package.