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After a tumultuous week for stocks as Treasury yields hit 16-year highs, all three major U.S. stock indexes posted weekly losses, with the S&P 500 and the Nasdaq registering their largest Friday-to-Friday percentage drops since March.

Minneapolis Federal Reserve Bank President Neel Kashkari on Monday said that given the surprising resilience in the U.S. economy, the Fed probably needs to raise rates another quarter of a percentage point and keep rates high for some time.

Stocks that were in focus included names like Ircon, which rose 1.24%, Delta Corp, which fell 17%, and Union Bank, whose shares jumped 1.89% on Monday.

Ashish Kacholia has sold stake in Delta Corp Ltd through bulk deals on Monday. The ace investor has offloaded about 15 lakh shares 0.56% in the company at Rs 144.65 apiece, according to exchange data.

Foreign portfolio investors were net sellers at Rs 2,333 crore on Monday. DIIs bought shares worth Rs 1579 crore.

"As per the Joint Surveillance Meeting of Exchanges and SEBI, the extant Trade for Trade (TFT) and short-term additional surveillance measure (ASM) framework shall be extended to SME stocks subject to certain changes.

The fundraising plan helped the stock shrug off the recent underperformance on account of concerns over rising competition and pricey valuations.

About half the initial public offerings proceeds of ₹27,435 crore garnered or announced in 2023 are fresh issues, meaning the funds will go into the capital structure of the issuers to either finance capital assets or retire existing debt earlier garnered to build capacities.