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"Being a contrarian investor helps me overcome my emotions. I see the market falls as an opportunity to invest at the lows. I also stagger the purchases/sales as my experience has taught me that markets tend to overdo on both sides."

At Indus’s second quarter earnings call last month, CFO Vikas Poddar had said that the company is raising funds via issuance of NCDs as it’s classified as a large corporate, and is accordingly, required to comply with a provision of raising a minimum 25% of its incremental long-term borrowing by way of debt securities.

Sebi has defined technical glitch as any malfunction in the systems of stockbrokers, including in its hardware, software, networks, processes or any products or services provided by the stockbroker in electronic form.

Potential risks highlighted by Macquarie Capital Securities for Paytm’s business from the foray by Reliance Industries into financial, prompted investors to dump shares of One97 Communications, which has already been one of the worst performers in 2022 so far.

Many analysts are cautious about high valuations amid looming demand slowdown but say there are enough stock picking opportunities in the broader market as several pockets have not participated in the rally.

The S&P 500 has gained an average of 1.6% during December, the highest average of any month and more than double the 0.7% gain of all months, according to data from investment research firm CFRA. September, meanwhile, is the worst month of average for stocks, with a 0.7% average decline.

In addition, Sebi has extended the deadline to January 27 for the implementation of the framework on validation of instructions for pay-in of securities from client demat account to trading member pool account against obligations received from the clearing corporations.

The Dow Jones Industrial Average rose 19.0 points, or 0.06%, at the open to 34213.04

In August, the general insurance firm filed draft papers seeking approval from the Securities and Exchange Board of India (SEBI) to go public. The capital markets regulator had sent a written back to the investment bankers handling the IPO for certain clarifications in October and is awaiting a response.

"Stock brokers shall deploy adequate monitoring mechanisms within their networks and systems to get timely alerts on current utilisation of capacity going beyond the permissible limit of 70 per cent of its installed capacity," Sebi said.