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The group is currently engaged in exploratory talks with potential overseas investors, such as global insurance firms, to privately place longer-tenor bonds of up to 30-year maturities, said the people cited above. The bonds will carry fixed coupon rates.

The bank has also lowered demand projections for Europe and North America in 2023 while raising that for China. This led to a 600,000 barrel per day cut for 2024 estimates while keeping 2023 demand forecast unchanged.

A rally in bullion prices sparked by the global banking rout forced Indian dealers to offer steeper discounts on physical gold to lure retail customers and led to a drop in China premiums last week, while tempting some to resort to selling.

Broader markets fluctuated in the past week after a handful of US lenders failed, and fresh concerns arose around Credit Suisse Group AG before UBS Group AG agreed to buy its fellow Swiss bank on Sunday. In the fallout, some investors have called on the Fed to pause interest rate hikes. But midweek data showed that core CPI advanced more than expected, a reminder that the fight against inflation is far from done. It’s unclear how the central bank will respond to the conflicting signals at this week’s Fed meeting.

On weekly chart, the index has formed a bearish candle with a lower shadow indicating support at lower levels. The Nifty has formed a Doji candlestick pattern on daily chart for two consecutive sessions, indicating indecisiveness amongst market participants.

Following news of the Swiss deal, the world’s central banks announced coordinated financial moves to stabilize banks in the coming week. This includes daily access to a lending facility for banks looking to borrow U.S. dollars if they need them, a practice which widely used during the 2008 financial crisis. Three months after Lehman Brothers collapsed in September of 2008, such swap lines had been tapped for $580 billion. Added swap lines were also rolled out during market turmoil in the early stages of the COVID-19 pandemic in March of 2020.

"The surveillance actions on eligible stocks are applicable as per transparent rules. These rules are non-discretionary, pre-announced and automatically applicable," NSE said in a statement.

Interest rates in the US may not come down by the third or fourth quarter, but the markets may start expecting rate cuts in the early next year. Also please look at it, if there are so many issues with the banks and people losing their jobs, it must be also a little bit disinflationary. It has to overall cast a little bit of a gloom on the US job scene," he said

Foreign portfolios have been consistent sellers this year with outflows of Rs 5,294 crore in February and Rs 28,852 crore in January. Since the start of 2023, FPIs have sold equities to the tune of Rs 22,651 crore.This has reflected in the performance of benchmark Nifty, with March being the fourth consecutive month of negative returns. The index is down 6% so far on a year-to-date basis

Brent crude prices recently cracked below the $75/bbl mark, the lowest since March 2021.