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The New Delhi-based company is also looking to sell its stake in NTPC-SAIL Power Co., a joint venture with Steel Authority of India Ltd. for supplying electricity to the steelmaker’s mills and townships.

This week, market participants will be keenly watching RBI monetary policy which is likely to provide momentum to Dalal street. Q2 earnings and India’s service PMI readings would also be keenly watched.

All three major U.S. stock indexes seesawed earlier in the session, but began trending higher by late afternoon, led by economically sensitive cyclicals.

As per Issue of Capital and Disclosure Requirements norms, an application for a rights issue shall be made only through the ASBA facility.

In a regulatory filing, the company said the votes of one of the major shareholders, Jinendra Munot, who is also a board member were wrongly recorded "due to a technical glitch during his online voting that incorrectly or inadvertently took his voting as negative instead of positive, which was his intention".

"Ultimately, you need carbon, you need fossil fuels, because that is more than 75 per cent of the world’s energy requirements. In this crossfire, the prices are going up, and therefore, the markets going down, as it creates an input pressure right from factories to even countries."

From a technical perspective, Nifty has marked the 17,900-17,950 zone as an intermediate top. This also gets reflected in the Options data, which shows highest Call Open Interest at strike price 18,000 after heavy Call writing activities.

The plans follow an announcement in June that the Indian conglomerate will invest in projects of Abu Dhabi National Oil Co. to produce chemicals that can be used for infrastructure and consumer goods.

Choppy markets would always tempt you “to trade through short-term volatility, but one needs to remain true to the bigger goal of making strategic moves, instead of constantly going for tactical trades,” Ellenbogen said.

ESG strategies are sustainable and have proven they can offer good returns. According to the Morgan Stanley Institute for Sustainable Investing, February 2021 Sustainable Funds outperformed their traditional peers. The report also revealed how monies invested in sustainable businesses offer lower market risk.