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Vinyl Chemicals was the top gainer, clocking nearly 42% returns last week. The stock also scaled an over three-month high of Rs 584.90. Many realty stocks made to the outperformers’ list. Shares of Prestige Estates Projects, DLF, Godrej Properties, and DB Realty gained 7-18%.

First-quarter earnings in the S&P 500 are forecast to fall about 8% from a year ago, according to Bloomberg Intelligence, the biggest decline since the start of 2020

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Last month, UBS agreed to buy Credit Suisse in a historic, government-brokered deal. The move came after Credit Suisse endured a series of blowups, scandals, leadership changes and legal issues.

This was followed by dovish FOMC meeting minutes, which said that several members considered it appropriate to hold interest rates steady in March, while others noted that they would have considered a 50 bps increase in the absence of the recent developments in the banking sector.

“It’s possible there are more legs to the run, but without fundamentals backing the extent of the run, the risk of correction is something we need to be alive to,” said Christina Woon, investment director at abrdn

The largest U.S. lender gained $50 billion in deposits at the end of March, its first-quarter earnings report showed. That compares to Citigroup Inc, where deposits were largely flat, and a decline at Wells Fargo & Co.

Foreign Currency Assets increased by USD 4.740 billion to USD 514.431 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

The loan will have a first exclusive charge over the fixed assets of the Thoothukudi (Tuticorin) copper smelter in Tamil Nadu and an exclusive pledge over Hindustan Zinc shares, providing a 2.2x cover. The Supreme Court of India has recently allowed Vedanta to start maintenance work at Sterlite Copper facility in Thoothukudi, which is shut since 2018.

IDBI Bank, PNB Housing Finance and Sicom plan to sell their distressed loan books, following the example of Yes Bank and Bandhan Bank. Special situation funds have initiated talks with IDBI Bank to acquire its non-performing loan book, with the bank demanding an all-cash deal. Meanwhile, PNB Housing Finance has invited offers to sell its loan book worth around ₹3,000 crore.