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The partially convertible rupee settled at 73.92/$1 as against 73.91/$1 at the previous close. The Indian currency, which opened at 73.7560/$1, moved in a band of 73.76-74.06/$1 in during the day.

The Nifty Auto index closed 0.35 per cent up at 11686.15.

Analysts warned that the resolution plans suggested by companies vying to buy Sintex’s assets proposed to write off the existing equity fully

In the international market, gold was trading with gains at USD 1,827 per ounce and silver was flat at USD 23.15 per ounce.

The 30-share pack Sensex rose 85.26 points or 0.14 per cent to close at 61,235.30. The index gyrated in a range of 400 points. Its broader peer NSE Nifty climbed 45.45 points or 0.25 per cent to 18,257.80.

Initial price guidance was around 185 basis points (bps) over U.S. Treasuries (UST) for a tranche due in between 14-1/2 and 15 years and around 235 bps over UST for paper maturing in 24-1/2 to 25 years, the document from one of the banks on the deal showed.

"So in a long-term sense, equity mutual funds actively managed should stabilise at about 50-60 bps of net earnings to any manager. India will be lower compared to many other markets."

The Nifty IT index closed 0.01 per cent up at 38607.0.

A total of 352,455 shares changed hands on the counter till 02:00PM (IST)

During the day, Paytm shares hit an all-time low of Rs 1,051, eroding over half of the value from its IPO price of Rs 2,150.