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If Nifty50 sustains above the 18,220 level, it can head higher and test life highs present around 18,600 said, Mazhar Mohammad of Chartviewindia.in.

On Monday, in an otherwise dull session, auto stocks shined. The Nifty Auto index jumped 2 per cent, led by a 5 per cent rise in Hero MotoCorp. The company said it was adding a stake in EV player Ather Energy.

The Nifty Realty index was trading 0.07 per cent down at 509.25.

Non-banking financial services (NBFC) giant Bajaj Finance is likely to deliver a strong set of numbers for the October-December period, analysts tracking the company said. Analysts have varied projections for the topline and bottomline, with most bullish ones estimating a year-on-year (YoY) growth of 32 per cent and 74 per cent, respectively. Bajaj Finance in its quarterly update earlier said asset under management (AUM) growth was at 26 per cent YoY and 8.6 per cent quarter-on-quarter (QoQ) to Rs 1,81,300 crore, far greater than expectations. The new loan addition came in at 74 lakh vs 63.3 lakh QoQ.

The 30-share pack Sensex rose 85.88 points or 0.14 per cent to close at 61,308.91. The index gyrated in a range of 277 points. Its broader peer NSE Nifty added 52.35 points or 0.29 per cent to 18,308.10.

This token commands a market capitalisation of more than $3 billion

“One can look at Infy and TCS going forward from here; the rest can take a breather. As there has been a run-up in the tech stocks, people will wait for at least for a quarter for next quarter’s numbers.”

"In case Sebi receives a large number of/repeated complaints on any issue, the root causes are analyzed and if required, appropriate policy changes are made to address the issue," the regulator said.

The issue will be made on a private placement basis, the REIT said in a regulatory filing.

For promoters, Sebi said the lock-in requirement for allotment up to 20 per cent of the post issue paid-up capital has been reduced to 18 months from the existing 3 years.