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Bidding for the bond sale is likely to take place on August 23. On July 14, MTNL informed the exchanges that it had received in-principle approval to issue bonds worth up to 6,661 crore via private placement in the current financial year.

The Board approved raising of funds up to Rs 5000 crore through issue of equity shares via qualified institutions placement.

The shares which listed earlier than anticipated fell to ₹251.75 on the BSE, giving it a market value of ₹1.6 lakh crore, after opening trade at ₹265 apiece. The company, which has multiple lines of business in finance, was spun off from Reliance Industries.

In the fully accessible route (FAR) for government securities, the aggregate holding of foreign investors in their most favoured long-term bond has fallen by ₹1,192.6 crore over the past couple of months even as investment in other securities has remained broadly steady.

The IPO with a face value of ₹2 each is entirely an offer for sale (OFS) of up to ₹900 crore by the promoter and promoter group shareholders.

In FY23, the dividend earned by foreign promoters and other overseas investors was nearly ₹1.24 lakh crore compared to ₹53,600 crore in FY20 or ₹53,500 crore in FY19.

A broad government shutdown stands to directly reduce growth by around 0.15 percentage points for each week it lasts, while the reduction could be 0.2 percentage points a week when including a modest impact in the private sector, according to Goldman.

Fed chair Jerome Powell is set to speak on Friday, and his comments may set the direction for U.S. Treasury yields, which have driven the rise in the dollar in recent weeks.

Data released earlier on Monday showed German producer prices fell more than expected in July, with the decline due primarily to lower energy prices.

Investors await a meeting of central bank policymakers at Jackson Hole to gauge interest rate path