Analysts said trading was tentative as investors waited to see whether the Fed will deliver its first interest rate increase in almost a decade at its meeting this week.
"It is fair to say that the full spectrum of views is on offer. Clearly this is the most anticipated Fed meeting in a number of years," analysts at ANZ said in a report.
Asian shares edged up on Monday in cautious trade, brushing off soft economic data from China, as investors looked to whether the US Federal Reserve is confident enough to raise interest rates for the first time in a decade.
With nearly Rs 1,400 crore Amtek India bond issuances, several investors, including LIC , Axis Bank, Corporation Bank , are now facing a threat of defaults.
Asian EM stocks have fallen so far in the recent rout that a turnaround would normally be imminent by historical measures, yet few believe it will happen soon.