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Both the bank and HDFC Ltd have very high foreign shareholding. So, some shake-up from FIIs was expected. Some of the active funds were rebalancing their portfolios and moving toward bonds. But they were not buying because we were not in the index. Add to that the murmurs of regulatory roadblocks. Over the next few days since the announcement, we have explained to each and every institutional investor.

The Pune-based etailer had finalised plans to file its draft IPO papers this month but is pulling back on the advice of its investors and bankers, sources said. FirstCry, which also runs offline stores, is also thinking of ‘recalibrating’ its overall issue size and the valuation it would seek compared to its initial plans earlier this year, they added.

The investment bucks the overall trend of fierce foreign fund outflows from other local securities and is nearly one-fourth the net inflow for the whole of 2021 (at $4.46 billion), data from the National Securities Depository Ltd (NSDL) showed.

Gold prices on Monday rose above the more-than-three-month low level hit in the previous session, as a weaker dollar outweighed pressure from higher U.S. Treasury yields. Spot gold was up 0.3% at $1,815.69 per ounce, as of 0057 GMT. U.S. gold futures gained 0.2% to $1,812.20.

Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the European Union preparing to phase in a ban on imports from Russia. Brent crude futures were down 64 cents, or 0.6%, at $110.91 a barrel at 0137 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 60 cents, or 0.5%, to $109.89 a barrel.

Asian share markets were attempting a rare rally on Monday after Wall Street managed a bounce from deep lows, though investors were also braced for bad news from Chinese economic data due later in the session.

Bharat Forge, GSK Pharmaceuticals, Century Plyboards, VIP Industries, MCX, Raymond, Ami Organics, Dodla Dairy and Greenply Industries are among companies which will announce their quarterly earnings today.

Stocks that were in focus include names like Indus Towers which fell more than 4 per cent, State Bank of India was down nearly 4 per cent, and Tata Motors closed with gains of nearly 9 per cent on Friday.

The private sector lender intends to diversify to new geographies and add more than 500 branches, mostly in semi-urban and rural areas beyond East India, most likely UP and South India.

CDPQ is likely to raise about $150-$200 million (₹1,000 -1,500 crore) by selling additional stake in the InvIT, the sources said. The sale process is expected to be launched early next month. Investment manager Maple Infra Invit Investment Manager manages the assets of India Highway Concession Trust.