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Stocks that were in focus include names like Gujarat Pipavav Port which rose nearly 2% to hit a fresh 52-week high, Sun Pharma Advanced Research which tumbled over 5% to a fresh 52-week low and Hindalco which pared gains but closed in the green on Wednesday.

The March quarter is also traditionally the strongest for cement companies in India because of demand from the construction and infrastructure segments, and analysts expect this trend to play out this time as well, anticipating a volume growth of about 8-10% sequentially. The volume growth will also be conducive in shoring up the operating profit as it lowers fixed costs, analysts said. The March quarter accounts for 27-35% of the cement sold during a year.

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U.S.-listed shares of Credit Suisse hit a record low, after its largest investor said it could not provide more financing to the bank, starting a rout in European lenders and pressuring U.S. banks as well.

As per the payment schedule approved by NCLT, the Swan Energy-Hazel Mercantile team had to pay ₹200 crore to lenders, ₹65 crore towards CIRP cost and ₹10 crore to trade creditors and employees. They needed to make this payment within 90 days from December 23, 2022, when NCLT approved their resolution plan.

THL Zinc Ventures, a wholly owned subsidiary of India-listed Vedanta Ltd (VDL), is negotiating with global lenders including JP Morgan, Barclays, Standard Chartered Bank and Deutsche Bank to lower their asking rate. The loan - talks with banks started a month back - was expected to be raised at the secured overnight financing rate or SOFR+500 bps. The lenders have given a term sheet at SOFR+800 bps for the 3-3.5-year loan, said the people cited above. SOFR is currently at 4.55%.

Credit Suisse has asked for a similar response from Swiss regulator Finma, the report said, citing two people familiar with the matter.

It is not planning to seek a fresh approval for the IPO immediately from the Securities & Exchange Board of India because of the current choppy market. "We’re not in a hurry to go and, you know, sell it at any cost," managing director K Srinivas told ET.

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IFSC, GIFT City, which houses many private and public sector banks, global MNC banks, have been in operation for a long time now