The&nbsp;IRCTC&nbsp;IPO&nbsp;has opened for subscription on Monday. It's priced between Rs 315 - 320 per share and the company has Rs 1,140 crore cash in books as of FY19-end&nbsp;. The Indian Railway Catering and Tourism Corporation is the only entity authorised by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains around the country. The IPO&nbsp;offer is&nbsp;part of the government's divestment programme. However, a key risk for IRCTC&nbsp;is that it's business and revenues are substantially dependent on the Indian Railways and it's profitability could be hit by any adverse change in policy.&nbsp;

The IRCTC IPO has opened for subscription on Monday. It's priced between Rs 315 - 320 per share and the company has Rs 1,140 crore cash in books as of FY19-end . The Indian Railway Catering and Tourism Corporation is the only entity authorised by Indian Railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains around the country. The IPO offer is part of the government's divestment programme. However, a key risk for IRCTC is that it's business and revenues are substantially dependent on the Indian Railways and it's profitability could be hit by any adverse change in policy.

The government may come out with another big package to address the demand and supply side issues facing the country, news agency IANS&nbsp;reported.&nbsp;The report added that the next economic stimulus package would be bigger than the ₹1.7 lakh&nbsp;crore worth of schemes announced by Finance Minister Nirmala Sitharaman last month. The next set of stimulus may focus on concerns of India Inc and the SME segments, and in particular a relief package for the travel and aviation sectors bearing the maximum brunt of present lockdown.&nbsp;

Goldman Sachs has revised India's growth forecast to 1.6% downgrading it by over 400 basis points. The report also predicted that 25% of activity in India will be wiped out due to the lockdown. Goldman Sachs also predicted that the&nbsp;RBI will further reduce the interest rates by 50 basis points.

The Covid-19 pandemic is all set to derail the growth momentum of affordable housing in 2020, a report by Anarock Property Consultants said. This will be one of the worst-affected segments. As many as 6.1 lakh affordable units were under construction across top 7 cities when the lockdown was announced. This is over 39% of the total 15.62 lakh under-construction units in the top 7 cities, the highest share of all budget categories.
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Soon after opening in red on Wednesday, the Indian equity markets rose sharply to trade higher. At 9:45 am, the Sensex was 456 points higher at 30,523 and the Nifty rallied 1.53% to trade above 8,900.
GAIL, M&amp;M, HUL, Cipla and Sun Pharma were the top five Nifty gainers. Whereas, ITC, TCS, Bharti&nbsp;Airtel, NTPC and Shree&nbsp;Cements were the top losers.

The prices of rice have hit a 7-year high due to the&nbsp;coronavirus&nbsp;outbreak as importers rush to stockpile the grain while exporters curb shipments. According to the Thai Rice Exporters Association,&nbsp;price of the industry benchmark rose 12% from March 25 to April 1. The rise in prices is due to expectations of higher demand for Thai rice after fellow top exporters - India&nbsp;and&nbsp;Vietnam -- face export disruptions. In India,&nbsp;rice traders have stopped signing new export contracts as labour shortages and logistical disruptions hamper the delivery of existing contracts,&nbsp;Reuters reported,&nbsp;citing industry officials.

State Bank of India on Tuesday lowered its savings deposit rates by 25 basis points to 2.75%, citing adequate liquidity. The cut will be effective from April&nbsp;15.&nbsp;SBI had lowered its savings bank interest rate to 3% in March. The bank also announced a reduction in its marginal cost of funds-based lending rate (MCLR) by 35bps across all tenures. With this, the one-year MCLR comes down to 7.40% from 7.75% with effect from April 10.

Indian equity markets on Tuesday posted their biggest ever one-day gain in absolute terms.&nbsp;
The Sensex&nbsp;surged 2,476 points to close above 30,000 mark and the Nifty spiked 8.76% or 708 points to close near 8,800.
IndusInd Bank, Axis Bank, Grasim, Dr Reddy&nbsp;and&nbsp;HUL&nbsp;were the top five Nifty movers, rose up to 25%.&nbsp;Volatility index slipped 6% to close at a one-month low.
The Indian rupee was 33 paise higher at 75.63 against the US dollar.

Indian stock markets surged on Tuesday in line with Asian peers, on signs of a slowdown in coronavirus-related deaths globally.
At 2 pm, the Sensex&nbsp;was 2,139 points higher at 29,730 and the Nifty was trading near 8,692, surging 7.53%.
IndusInd&nbsp;Bank was the biggest index mover, trading almost 20% higher. M&amp;M, Axis Bank, Sun Pharma&nbsp;and&nbsp;HCL&nbsp;Tech were the other top gainers.
The rupee was 23 paise&nbsp;high at 75.96 against the US dollar.

Gold prices in India on Tuesday surged as much as&nbsp;₹2,000 per 10 gram to a new record high of&nbsp;₹45,724 per 10 gram in futures market. On MCX, June futures were up 3.5% in a catch-up rally with global markets. Silver futures on MCX&nbsp;surged over 5% to&nbsp;₹43,345 per kg.

Global oil prices fell close to 5% after Saudi Arabia and Russia postponed a meeting scheduled to be held on Monday. The meeting was called to resolve the dispute&nbsp;between the two countries&nbsp;but it has now been pushed to Thursday, the BBC reported. The price war came after a deal between the two countries to cut production, in response to the drop in demand, collapsed last month.

The net worth of India&rsquo;s richest man Mukesh Ambani dropped 28% or $19 billion&nbsp;to ₹48 billion as on March 31 due to the massive correction in stock markets, a report said on Monday. His global ranking declined&nbsp;eight places to 17th, the Hurun Global Rich List said. The Indian market has corrected by 25% in the last two months as the economic costs and impact of the Covid-19 pandemic on companies led to a sell off across the world.

India&rsquo;s&nbsp;gold&nbsp;imports plunged more than 73% year-on-year in March to their lowest in more than 6 years. Record domestic prices and a lockdown to curb the spread of coronavirus squeezed retail demand, a government source told the Reuters. The world&rsquo;s second biggest consumer of the precious metal imported 25 tonnes of&nbsp;gold&nbsp;in March, down from 93.24 tonnes a year ago.
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Most Asian stock markets surged on Monday as death rate due to coronavirus&nbsp;outbreak slowed down in some of the worst-hit countries.&nbsp;In Japan, the Nikkei 225 index was 2.6% higher by midday. South Korea&rsquo;s Kospi index rose 2.4%. In Hong Kong, the Hang Seng index was up 1.2%. Taiwan&rsquo;s Taiex was up 0.9%.&nbsp;Australia's S&amp;P/ASX 200 surged 4.5%.

Tensions&nbsp;rose ahead of emergency meeting of&nbsp;OPEC&nbsp;as Saudi Arabia criticised Russia on Saturday, claiming Moscow had blamed the kingdom for the collapse in global energy prices. Oil prices fell after OPEC countries, including Russia, failed to agree to production cuts, triggering a price war that led to Saudi Arabia threatening to pump at a record-breaking pace to seize back market share even as the coronavirus pandemic saw demand sharply drop. The Brent crude fell to around $24 a barrel in early 2020, compared to prices of over $70 a year ago.&nbsp;

Indian equity markets ended lower on Friday due to heavy sell-off in financial sector stocks.
The Sensex&nbsp;fell 674 points to end at 27,590 and the Nifty ended the day below 8,100, falling over 2%.
Axis bank, IndusInd&nbsp;Bank, ICICI&nbsp;Bank, Titan and Shree&nbsp;Cement were the top five market losers. Whereas, Sun Pharma, Cipla, ITC, GAIL and ONGC&nbsp;were on the gaining side.
At 3:45 pm, the rupee was 23 paise&nbsp;higher at 76.06 against the US dollar.
&nbsp;

In a bid to curb insider trading, security market regulator, SEBI&nbsp;has reportedly prohibited promoters and insiders from buying company shares till June 30, as companies have been given extra time to report earnings with the stock exchanges. Companies have received additional time to submit their quarterly and annual results in view of the coronavirus crisis and the ongoing lockdown.

The Indian market witnessed a massive foreign capital outflow of ₹1.22&nbsp;lakh crore in March 2020, triggered by fears of a global recession amid the coronavirus lockdown and slump in economic activity. Foreign Institutional Investors (FII) pulled out&nbsp;last month after remaining net buyers for six consecutive months.&nbsp;The foreign investors are reducing their exposure in risky assets and moving to safe-havens such as the dollar and gold.

Indian stock markets opened in red on Monday tracking global peers. At 9:30 am, the Sensex&nbsp;was 370 points down and the Nifty fell 1.56% to 8,125.&nbsp;
IndusInd&nbsp;Bank, Kotak&nbsp;Bank, Hero Moto, Titan and BPCL&nbsp;were the top losers. While, Cipla, ONGC, Sun Pharma, Power Grid and Bajaj&nbsp;Finance were the top five gainers.
The Indian rupee was trading 38 paise&nbsp;high against the US dollar.

Moody's Investors Service on Thursday revised its outlook for Indian banking system to negative from stable, as it expects banks' asset quality to deteriorate due to disruption in economic activity from the coronavirus outbreak. Moody's report mentioned that a sharp decline in economic activity and a rise in&nbsp;unemployment will lead to a deterioration of household and corporate finances, which in turn will result in increased delinquencies.

Indian equity benchmarks fell more than 4% on Wednesday&nbsp;following weak Asian peers as coronavirus&nbsp;cases continue to rise.
The Sensex&nbsp;closed 1,200 points down and the Nifty fell 4% to end the trade at 8,253. Tech Mahindra, Kotak&nbsp;Mahindra&nbsp;Bank, Axis Bank, TCS and UPL were top five market draggers.
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IRCTC IPO opens, priced between ₹315-320/share

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