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"The breach of 16,000 has opened up the likelihood of the Nifty going to 15,500 and even 15,200," said Rajesh Palviya, head, technicals and derivatives, Axis Securities. "It will continue to be a sell-on-rise market with the new resistance being 16,000." The Nifty has fallen almost 9.2% so far in 2022 and is down 14.6% from its all-time high in October 2021.

"The U.S. will see rate rises faster and higher than Wall Street has been expecting," James Rosenberg, Ord Minnett advisor in Sydney told Reuters. "There will likely be the double impact of earnings forecasts being trimmed and further price to earnings derating."

The U.S. dollar index scaled a two-decade peak of 105.29 and was hovering just below that in early Asia trade. The euro sat at its overnight low of $1.0405, while the Aussie steadied at $0.6943. [AUD/]

All the major S&P sectors were sharply lower, with only 5 components of the S&P 500 in positive territory on the day. Markets have been under pressure this year as climbing prices, including a jump in oil prices due in part to the war in Ukraine, have put the Fed on track to take strong actions to tighten its monetary policy, such as interest rate hike.

Elon Musk will speak to Twitter Inc employees this week for the first time at a company-wide meeting since launching his $44 billion bid in April, a source said on Monday, citing an email from Twitter Chief Executive Parag Agrawal to staff.

The EPFO invests in equities through Exchange Traded Funds (ETFs) tracking the Sensex and Nifty operated by SBI Mutual Fund and UTI Mutual. EPFO does not invest in actively managed equity mutual fund schemes or directly in stocks.

The benchmark gauge may correct a bit as the local inflation gauge did not spring any ugly surprises in May," he said.The US Treasury benchmark surged 31 basis points this month to yield 3.26%. Back home, the Consumer Price Index rose 7% in May.

"While we have historically been able to finance our capital expenditure through equity contributions from the promoter selling shareholder, Wonderful Stars, this may not be the case once we are a publicly-listed company. We will have to finance our future growth from internal accruals and through external debt financing and equity fund raising," the company said in its DRHP.

The Supreme Court has extended the deadline set by it for DVC to pay the dues by another eight weeks from May 31 considering the corporation’s weak financials but took an undertaking from its chairman on the certainty of the payment.

Anchor investors, who collectively bought nearly 59.3 million shares a day before the IPO opened for subscription at Rs 949 apiece, can sell their shares in the open market from Monday. Anchor lock-in for a newly listed stock ends after a month of allocation of equities.