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France's debt burden and political gridlock are pushing borrowing costs toward levels not seen since 2008.
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"Jagdishan's decision is incrementally positive as it removes one binary uncertainty," analysts at Nomura said in a note post the development.
About 170 companies have secured board approvals since April 1, the start of the financial year, to raise more than $20 billion
Oil prices climbed in early Asian trading on Monday after fresh military exchanges between the US and Iran heightened concerns about crude supplies through the Strait of Hormuz.
Metal stocks tumbled up to 5% on Monday, with the Nifty Metal index falling over 2% amid a decline in metal prices and rising expectations of higher-for-longer US interest rates.
