Under the structure, AGEL can draw up to $1,700 million (including the present issuance) over the course of time subject to the covenants of the structure, it said.

Equity investor wealth increased Rs 2.51 lakh crore as the total market cap of BSE-listed firms rose to Rs 252.66 lakh crore.

The Nifty Bank index closed 0.7 per cent up at 36831.3.

Last month, cross-border investors sold equities worth a combined net total of $4.5 billion in South Korea, Taiwan, Philippines, Vietnam, Indonesia and India, data from stock exchanges showed.

Bullion prices are expected to trade sideways to up for the day.

The Topix rose 0.14% to 1,983.57, its highest closing level since March 29. The index rallied for a fourth straight session. The Nikkei share average ended 0.33% higher at its highest since July 14 of 28,543.51.

A total of 1,031,991 shares changed hands on the counter till 02:02PM (IST).

The Shanghai Composite index ended 0.84% higher at 3,597.04. The blue-chip CSI300 index crept up from small losses to end flat.

The pan-European STOXX 600 index was up 0.1% by 0713 GMT after Asian shares slid as concerns grew over the Chinese economy after a run of soft data.

“If the real estate cycle picks up, then it bodes well for the banking sector as well. So overall, unless a severe third wave happens, we believe things will turn positive for the sector.”