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Secured creditors have an exposure of ₹7,086 crore to Rolta. The lenders are scheduled to meet on Wednesday to evaluate the Rashmi offer. The company was admitted for insolvency proceedings based on an application by Union Bank of India in January.

More than 75 bidders have been contacted by the FTX estate since May to gauge industry interest in backing a relaunch of the exchange, according to a presentation filed in a Delaware court.

The international benchmark Brent contract dipped 6 cents to $90.58 a barrel at 0003 GMT, while U.S. West Texas Intermediate crude futures edged 2 cents lower to $87.27.

The U.S. dollar index steadied after posting its biggest intraday loss in two weeks in the previous session ahead of the U.S. Consumer Price Index (CPI) data due on Wednesday.

Power Grid Corp has been declared as the successful bidder to establish an inter-state transmission system project for evacuation of power from REZ in Rajasthan (20 GW).

The phased withdrawal of the incremental cash reserve ratio (ICRR) between September 9 and October 7 would help banks to meet the festive credit credit demand, top bank executives said. There was some strain in the sectoral liquidity due to the absorption of surplus liquidity through the incremental cash reserve ratio (ICRR). Plus, credit growth has been outpacing deposit growth over a long period on a sectoral level and the trend may continue.

In the past six months, the Nifty 50 has moved up by 15.5%, while the Nifty Microcap 250 has jumped 57%. The Nifty Smallcap 250 and Nifty Midcap 150 have gained 39% and 35%, respectively.

"Stocks that are likely to improve their RoEs over FY23 to FY25 and transition into value-creation zone include capital intensive and cyclical sectors such as auto, capital goods, infrastructure, utilities, telecom, commodities and financials," said Vinod Karki, equity strategist, ICICI Securities in a report.

The brokerage said it does not see "many fundamental reasons" for the "meteoric rise" in the stock prices of many mid-cap and small-cap stocks.