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In order to channelize long-term savings of retail investors, mutual funds should be allowed to launch pension-oriented MF schemes similar to 401(k) plan, which is a retirement savings plan offered by American employers that has tax advantages to the saver.

The total revenue from operations came in at Rs 9,863.06 crore, up 11.61 per cent against Rs 8,836.78 crore in the corresponding quarter last year.

Chipmakers, Sony and start-up investor SoftBank Group helped lift the benchmark index following a strong performance by their Wall Street peers at the end of last week.

The stock quoted a 52-week high price of Rs 1147.9 and a 52-week low of Rs 659.2.

The S&P/ASX 200 index closed 0.24% lower at 6,971.6, after losing as much as 0.8% earlier in the session. The benchmark ended 2.2% higher on Friday.

The pan-European STOXX 600 added 0.9%, with tech stocks climbing 2% after dropping 13% so far this month.

On the technical charts, the RSI of the stock stood at 37.76.

At the interbank foreign exchange, the rupee opened at 74.97 against the American dollar, then inched higher to quote 74.92, registering a rise of 15 paise from the last close.

Promoters held 30.3 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 24.42 per cent and 19.75 per cent, respectively.

Shares of AGS Transact technologies listed at Rs 176 on BSE, just Re 1 above its issue price of Rs 175. On the National Stock Exchange (NSE), the counter listed flat at Rs 175.