"The inversion happened due to higher-than-expected cutoffs on treasury bills sales, which in turn, was triggered by deficit in the liquidity in the banking system," said VK Vijayakumar, chief investment strategist at Geojit Financial Services.

Given that the credit-to-deposit (CD) ratio for the banking system is expected to continue firming up, overall gross bond issuances is expected to create an all time high of Rs. 1.3-1.4 lakh crore by the end of the current fiscal year, domestic rating agency ICRA has estimated.

The sale lowered Berkshire's holdings in BYD's total issued H-shares to 13.97% on Jan. 3 from 14.06%, a filing to the Hong Kong Stock Exchange showed on Monday.

U.S. yields tumbled on Friday after data showed domestic wages rose less than expected last month and new jobs increased more than expected, while service-sector activity shrank for the first time in more than 30 months.

"Ather Energy will stay in scooters and only withthe 40 product lines this year. I think it's very important for a company to stay extremely focused on products that they understand best, win really really big there and then expand. Stretching too early I think is not generally a healthy idea, not a good business practice."

Asian currencies jumped after U.S. data - showing service-sector activity unexpectedly contracted in December, while wage growth slowed more than expected - backed expectations that the Fed will opt for a smaller 25 basis points hike at its Feb. 1 meeting.

Prozone Intu Proper, Lambodhara Text, 3P Land Holdings, Rama Steel Tubes and Donear Ind, hit their fresh 52-week highs during the day.