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From the Sensex pack, NTPC, Tech Mahindra, Tata Motors, Bharti Airtel, and UltraTech Cement opened with gains, while Power Grid, Maruti, Bajaj Finserv, Sun Pharma, HUL and HCL Tech opened with cuts.

The tech-heavy Nasdaq led Wall Street higher last week as megacap growth companies such as Alphabet, Meta Platforms as well as chipmakers Intel and Lam Research posted strong quarterly earnings.

In aggregate terms, bank loans advanced 16.3% in June. Retail loans climbed more than a fifth on year, supported mainly by home and vehicle loans, the latest central bank data showed. Bank loans to non-bank lenders climbed, and so did the disbursements to large companies.

Although the broad contours of a restructuring plan have been agreed upon, its implementation hinges on approval from individual lenders as well as the National Company Law Appellate Tribunal (NCLAT), people familiar with the matter said.

Apple is the biggest component of the Nasdaq 100, comprising nearly 12% of the index weight. The stock has risen about 1% in July and is poised to close out a seventh straight positive month.

The issue, which will close on August 8, is entirely an offer-for-sale, where the existing shareholder Helix Investments Holdings will sell up to 20.92 million equity shares, the company said.

The price band to bid in the IPO is set between ₹54 to ₹57 per share, which at the upper band will value the company at nearly ₹6,400 crore. Bids will be open between August 3 and August 7.

Company performance allays fears of the execution risk of consistent compounding, competition, and ability to maintain margins

The bank on Monday sold the 15-year infrastructure bonds at a coupon of 7.54%, representing an aggressive spread over the comparable government security curve of such a tenure, the bank said in a release.

India last July imposed the windfall tax on crude oil producers and extended the levy on exports of gasoline, diesel and aviation fuel after private refiners wanted to make gains from robust refining margins in overseas markets, instead of selling at home.