Private sector lender Axis Bank on Thursday said it plans to raise up to ₹4,175 crores through the issuance of non-convertible debentures (NCDs) on a private placement basis. The coupon rate for the issue will be 7.65% per annum, the bank said in an exchange filing.
The said debentures rated 'AAA/Stable' by rating agencies CRISIL and ICRA, will be listed on the wholesale debt market segment of BSE and NSE.

Private sector lender Axis Bank on Thursday said it plans to raise up to ₹4,175 crores through the issuance of non-convertible debentures (NCDs) on a private placement basis. The coupon rate for the issue will be 7.65% per annum, the bank said in an exchange filing. The said debentures rated 'AAA/Stable' by rating agencies CRISIL and ICRA, will be listed on the wholesale debt market segment of BSE and NSE.

Indian stock markets plunged on Monday following weak global markets due to rising coronavirus&nbsp;cases. The BSE&nbsp;Sensex&nbsp;ended the day 1,375 points down at 28,440 and the broader Nifty closed the trade after falling 4.38%.
Bajaj&nbsp;Finance, HDFC, Kotak&nbsp;Bank,&nbsp;HDFC&nbsp;Bank and Tata&nbsp;Steel were the top five Nifty losers. At 4 pm, the rupee was trading almost a per cent lower at 75.57 against the US dollar.

Indian equities opened lower on Monday after four green sessions&nbsp;as fears mounted that the global shutdown for the coronavirus could last for months.
At 9:30 am, the Sensex&nbsp;was over 800 points down at 29,000 and Nifty tumbled 3.11% to trade below 8,400.
Bajaj&nbsp;Finance, M&amp;M, Eicher&nbsp;Motor, JSW&nbsp;Steel and Bajaj&nbsp;Finserv&nbsp;were the top five Nifty draggers. While, only Cipla, TCS, GAIL, Axis Bank and Tech mahindra were in green.
The rupee was 26 paise&nbsp;down at 75.12 against the US Dollar.

State-run Bank of Baroda has cut its repo-linked-lending rate by 75 basis points with effect from March 28.&nbsp;This is&nbsp;in line with the reduction on RBI's repo rate by 75 bps last week.&nbsp;The revised rate&nbsp;for all retail loans and loans to MSMEs&nbsp;has been reduced to 7.25%.

In a major relief for its customers, the State Bank of India on Friday said that it would pass on the entire 75 basis point rate cut to its retail borrowers.&nbsp;The bank said in a statement that its external benchmark linked lending rate and repo linked lending rate now stands at 7.05% and 6.65%, respectively. These new rates will be effective April 1, SBI said.

The Sensex erased early sharp gains to close lower by 131 points on Friday, snapping its three-day rising streak as concerns over an impending recession heightened. This after the&nbsp;RBI said the projected annual growth was at risk due to the COVID-19 outbreak. After opening significantly higher, the BSE&nbsp;gave up all the gains to end 131.18 points lower at 29,815. On the other hand, the Nifty closed 18.80 points higher at 8,660.
Bajaj Finance was the biggest loser in the Sensex pack, followed by Hero MotoCorp, IndusInd Bank, Maruti and HCL Tech.
Axis Bank, ITC, NTPC and M&amp;M were among the top gainers.

CRR reduced by 100 bps for 1 year Move to release liquidity of 1 lakh 37 000 cr in banking system Minimum daily CRR balance reduced from 90 to 80%, upto June 26 2020

Stock markets closed higher on Thursday as investors cheered relief package by the Finance Minister. Also, the markets saw some short covering.
The Sensex&nbsp;surged 1,400 points to close near 30,000. Nifty ended the session 4% high at 8,653. IndusInd Bank was the biggest Nifty mover as it surged over 46%. L&amp;T, Bajaj&nbsp;Finance, Bharti&nbsp;Airtel&nbsp;and Hero Moto&nbsp;Corp were among the other top five Nifty gainers.&nbsp;While, GAIL, HCL&nbsp;Tech, Sun Pharma, Tata&nbsp;Steel and Tech Mahindra were the top losers.
The Indian rupee was almost a percent higher at 75.36 against US dollar.
&nbsp;

Indian equity markets opened higher for the third consecutive session&nbsp;on Thursday following global peers. At 9:40 am, the Sensex&nbsp;was over 600 points in green at 29,144. Nifty 50 was trading close to 8,500, rising 2.12%.
IndusInd&nbsp;Bank, UPL, Axis Bank, Infosys&nbsp;and Tech Mahindra&nbsp;were the top five Nifty movers. While, IOC, JSW&nbsp;Steel, Maruti, ONGC&nbsp;and Hindalco&nbsp;were the top losers.
The rupee was also trading 54 paise&nbsp;higher at 75.56 against US dollar.

Stock markets on Wednesday closed with strong gains&nbsp;following global markets that were boosted by the US stimulus package worth $2 trillion.&nbsp;The Sensex&nbsp;closed 1,861 points in green at 28,535 and Nifty surged 6.37% to end the session near 8,300.&nbsp;
Index-heavyweight Reliance surged almost 14%, contributing most to the gains.&nbsp;HDFC&nbsp;Bank, Kotak Mahindra&nbsp;Bank, UPL&nbsp;and Maruti&nbsp;were among the other top five index movers.

Indian markets were highly volatile in the early session on Wednesday due to heavy sell-offs by foreign institutional investors and simultaneous value investing by domestic players.
The&nbsp;BSE&nbsp;Sensex&nbsp;which opened lower than the previous closing level was 130 points in green at 10:45 AM. Likewise, Nifty was trading 0.28% high, paring its early losses, at 7,823.
Index-heavyweight Reliance Industries was up 6%, contributing most to the gains. Grasim, Maruti, Nestle and Britannia were the other top five Nifty gainers. Whereas, ITC, IndusInd&nbsp;Bank, L&amp;T, HCL Tech and ICICI&nbsp;Bank were pushing the markets down.
The rupee was trading 19 paise&nbsp;higher at 76.10 against the US Dollar.

Wall Street on Tuesday had the best trading day in at least 12 years. The S&amp;P 500 rebounded from its 2016 lows, the Dow Jones surged 11% as US lawmakers negotiated a $2 trillion stimulus package to help the economy get through the Coronavirus pandemic.&nbsp;Following dramatic gains in the US markets,&nbsp;stocks in Asia Pacific also&nbsp;soared in afternoon trade on Wednesday.&nbsp;Bourses in Shanghai, Hong Kong, Tokyo and Seoul rallied up to 5%.

After a historic fall on Monday, Indian stock markets opened with strong gains on Tuesday following global peers. Investors' sentiment improved after the US Federal Reserve pledged to spend as much as needed to steady the financial system.
At 9:20 am, the Sensex&nbsp;was 1,300 points higher at 27,294 and Nifty was trading 4.85% in the green at 7,979.
Axis Bank, HCL&nbsp;Tech, Hindustan Unilever, Bajaj&nbsp;Finserv and Bajaj&nbsp;Finance were the top Nifty movers. 48 of the total 50 stocks in the index were trading at higher levels.
The rupee opened at 76.07 after closing at a lifetime low of 76.22 against the US dollar.
&nbsp;

Most private banks have lost 50% of their share value as analysts believe that the&nbsp;NPAs&nbsp;will rise further as MSMEs will struggle to repay loans. One of the worst-hit private banks currently is&nbsp;IndusInd&nbsp;Bank, which has continued to slip&nbsp;despite the lender clarifying sound financials last week. The stock has tanked nearly 80% from the beginning of the year.&nbsp;

Shortly after opening the session on Monday, stock markets dived to the lower circuit limit which halted the markets for 45 minutes.&nbsp;This is the second time in 2 weeks that the market is seeing another lower circuit.&nbsp;The Sensex&nbsp;fell 10% to 26,924 and Nifty tumbled 9.63% to 7,903.

The rupee on Friday ended&nbsp;8 paise lower at a fresh lifetime low of 75.20 against the US dollar. Forex market continued to fall as investors going long on the US dollar due to coronavirus-led uncertainty in the global markets.&nbsp;The domestic currency, however, opened higher at 74.82 and gained more strength during the day.

Markets regulator SEBI&nbsp;on Thursday gave relaxation of 45 days to companies for filing fourth-quarter financial results and one-month extension to file results for 2019-20. The decision has been taken in the wake of coronavirus pandemic, which has resulted in many restrictions, including free movement of people, thereby hampering businesses and day-to-day functioning of companies.

Indian benchmark indices&nbsp;surged 3% during the session on Friday following positive Asian peers.
At 12:10 pm, the Sensex&nbsp;was 868 points up and Nifty was trading above 8,500, gaining 3.10%.
GAIL, ONGC, Infosys,&nbsp;ITC&nbsp;and Tech Mahindra&nbsp;were the top five Nifty gainers. While IndusInd&nbsp;Bank, HDFC&nbsp;Bank, ICICI&nbsp;Bank, Titan and Kotak&nbsp;Mahindra&nbsp;Bank were the top losers.
The Indian rupee was down 3 paise&nbsp;at 75.02 against the US dollar.

The gold to silver ratio - price of one ounce of gold in terms of silver - has touched its highest level in over 5,000 years. A Nasdaq&nbsp;report stated that the ratio peaked at 123.78 as per the precious metal prices&nbsp;on Monday.&nbsp;According to the author, Marshall Gittler, Head of Investment Research at BD Swiss Group, gold outperforms when inflation expectations are lower. He added that the 5,000-year high in this indicator is warning us of a tremendous deflationary period ahead. Deflation occurs when the inflation rate falls below 0%.

After collapsing about 40% in the last two weeks, crude oil prices rose on Friday as&nbsp;US President Donald Trump hinted that he may intervene in the price war between Saudi Arabia and Russia. The US WTI crude rose&nbsp;3.7% to $26.14 a barrel and Brent crude futures&nbsp;climbed 2% to $29.04 per barrel.

India's iconic biscuit, Parle-G's demand has spiked 25% in the last week from the average of March, a report in Economic Times said. The company was expecting to lay-off 10,000 employees last year due to slowdown&nbsp;and now its product is out of stock for the first time in several areas. The fear of countrywide lockdown&nbsp;has resulted in panic buying, the report mentioned.

Axis Bank to raise up to ₹4,175 crore via NCDs

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