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The West Texas Intermediate (WTI) for March delivery rose 42 cents, or 0.53 per cent, to settle at $80.14 a barrel on the New York Mercantile Exchange. Brent crude for April delivery added 22 cents, or 0.25 per cent, to close at $86.61 a barrel on the London ICE Futures Exchange.

The yen dropped sharply last year to a 32-year low of 151.94 per dollar as U.S. rates rose and Japanese rates stayed near zero, but it has since recouped those losses as the Fed looks to pause its tightening while speculation increase that the BOJ will move away from its ultra-loose policy.

Analysts expect headline CPI to rise 0.5% in January, with the core number seen advancing to 0.4% from 0.3% the previous month, according to a Reuters poll. On an annual basis, CPI likely eased to 6.2%, from 6.5% in December.

The revenue from operations during the quarter under review stood at Rs 1,176 crore, registering an 8 per cent growth over Rs 1,091 crore delivered in the October-December period of 2021, it said.

Its total expenses soared to Rs 24,825.11 crore, compared to Rs 23,209.88 crore a year ago.

Hulst B V sold 60,00,000 shares of Coforge at Rs 4,050 apiece through a bulk deal on the National Stock Exchange. This is a sharp discount of 6.5% from Friday’s closing price. On Monday, the stock ended nearly 7% down at Rs 4,032.25 on the NSE.

"By definition, these sectors are borderless and require significant international collaboration for any specific legislation on these sectors to be fully effective," Sitharaman said in a written reply in the Lok Sabha.

Consolidated revenue from operations stood at Rs 699 crore in the quarter under review as compared to Rs 854 crore in the year-ago period, it added.

Revenue from operations, meanwhile, surged 33% year-on-year (YoY) to Rs 1,462 crore for the quarter under review.

The Nifty Auto index closed 0.61 per cent down at 13154.35.