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The fear gauge rose 4.3 per cent to 19.6225 points on Monday, indicating the risk aversion among investors amid the renewed concerns over aggressive rate hikes in the US and growth slowdown in major economies.

The filing went on to add that SMPL would cease to be the wholly-owned subsidiary of India Cements. India Cements said SMPL had a net worth of ₹14.22 crore and that it had a nil turnover in the fiscal year 2021-22. In December 2018, India Cements had said it had entered into a share purchase agreement to buy the entire stake of Springway for a consideration of ₹182 crore. In end-June this year, India Cements said it has completed acquiring the entire paid-up equity and preference shares of Springway.

Estimates for third-quarter earnings have come down in recent weeks. Analyst now expect year-over-year earnings for S&P 500 companies to have risen 4.1% in the quarter, compared with an increase of 11.1% expected at the beginning of July, according to IBES data from Refinitiv.

The U.S central bank is clear on the need for restrictive monetary policy to lower inflation, Fed Vice Chair Lael Brainard said on Monday, but the path and pace of rate increases will remain "data-dependent" as the central bank monitors the economy and the evolution of domestic and global risks.

Banks will have to treat such credit facilities unrated and assign applicable risk weights, the Reserve Bank of India said. To put it simply, if a borrower avails credit facilities from three banks -- A, B and C and the external rating firm does not make such disclosure, none of the banks can reckon the said rating, and therefore has to follow higher risk weights norms -- 100% or 150% as applicable.

Shares of PG Electroplast ended over 4% higher at Rs 1075.1 on Monday.

She also advised investors not to invest on the basis of market rumours and should deal only with Sebi-registered intermediaries.

BSE was the first stock exchange to get approval from Sebi and launched its SME platform on 13 March 2012 after the market regulator came out with detailed guidelines on 18 May 2010 for SME exchanges/platforms launch.

On a YTD basis, shares of Infosys have lagged behind Nifty50. The stock has fallen over 15 per cent, whereas the Nifty50 has lost just 3 per cent.

The Reserve Bank of India (RBI) is estimated to have sold about $1 billion on a day the US financial markets are shut. The RBI could not be immediately contacted for comments.