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The Nifty Auto index was trading 0.5 per cent up at 16314.95.

The stock quoted a 52-week high price of Rs 775.0 and a 52-week low of Rs 557.15.

MB Finmart Private, Puran Associates Private, VIC Enterprises and Milky Investment & Trading Company have announced an open offer for acquisition of up to 90,042,541 fully paid-up equity shares of Religare Enterprises.

The yen nursed losses at more than nine-month lows at 148.38 per dollar, after the Bank of Japan made no change to its dovish monetary policy. Ten-year Japanese bond yields settled at a decade high of 0.745%.

Fed officials warned on Friday of further rate hikes even after voting to hold the benchmark rate steady last week, with three policymakers saying they remain uncertain the inflation battle is finished.

In the broader currency market, the dollar was on the front foot, extending its gains from last week after a still-hawkish Federal Reserve surprised markets by signalling U.S. rates would need to stay higher for longer than initially expected.

Stocks that were in focus included names like Berger Paints, which rose 6.85%, Glenmark Pharma, which fell 2.98%, and Union Bank, whose shares jumped 5.39% on Thursday.

Analysts said due to strong management and aggressive strategies, private sector banks will continue to take market share from their public sector counterparts. They also believe private banks have strong subsidiaries in high-growth businesses like asset management, wealth management, and life and health insurance, where value will be unlocked in the coming years.

The cash was distributed as part of the ₹3,180 crore upfront payment promised by the bad bank in its winning bid and was credited to banks on Saturday, four people familiar with the details said.