Brent crude futures increased 38 cents to $85.32 a barrel. US crude's West Texas Intermediate gained 33 cents to $81.04 a barrel.
According to Crisil, the improvement in the high-value corporate loan books, where the gross NPAs are expected to fall below 2%, is a significant factor influencing the bank NPAs.
The issue comprises fresh equity shares worth Rs 324 crore and an offer for sale of up to Rs 545 crore by promoters and selling shareholders.
OPEC+ decision to cut oil output an unfavorable one for Indian equity markets, this week.
The company will use net proceeds from the IPO towards payment of certain outstanding secured borrowings, funding working capital requirements and for other general corporate purposes.

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