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InfrastructureBankingHigh impactPre-market

IRFC secures USD 1.1 billion ECB for railway projects

pre-market1 source ↓written by the desknot a recommendation

and is benchmarked
5-year tenor

Indian Railway Finance Corporation (IRFC) has signed an External Commercial Borrowing agreement worth USD 1.1 billion with a consortium of banks, including State Bank of India and HDFC Bank. This marks IRFC's first overseas borrowing in FY 2026–27, aimed at funding Indian railway infrastructure projects. The loan has a 5-year tenor and is benchmarked to the Tokyo Overnight Average Rate (TONAR).

This significant funding move may enhance IRFC's capacity to finance critical infrastructure, potentially boosting investor sentiment in the railway sector.

• Loan Amount: USD 1.1 billion

• Tenor: 5 years

• Participating Banks: SBI, HDFC, Sumitomo Mitsui, DBS

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 24 May 2026, 07:08 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IRFC closed +2.3% on the day of the news, from ₹98.19 to ₹100.45; Nifty +1.3% over the same session; futures OI −11.9%.

Bulletin at 07:08 IST on 24 May 2026. Every change is measured from ₹98.19, the last close before it, on 22 May. Nifty 50 is measured over the same sessions.

  • IRFC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
IRFC closes around the bulletin against the close before the news, with Nifty 50 rebased to it88.9298.19107.46axis spans 21%before the news · 22 May98.19Nifty 50IRFCbulletinD0+1+3+518 May29 May9 JunFutures open interest, lotspeak 14,000Reference close ₹98.19. 16 sessions from 18 May to 9 Jun; the price axis spans 21 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before22 May₹98.19basebase
On the day25 May₹100.45▲ +2.3%▲ +1.3%+1.0 pp difference
+1 session26 May₹99.28▲ +1.1%▲ +0.8%+0.3 pp difference
+3 sessions29 May₹97.51▼ −0.7%▼ −0.7%0.0 pp difference
+5 sessions2 Jun₹96.67▼ −1.6%▼ −1.0%−0.6 pp difference
Gap at the open, % · ₹
▲ +0.8%+0.81 on 25 May
Day's range, % · ₹
2.1%≈ 2.1 high to low
Volume on the day
1.20×the 20-session average
Futures OI on the day
▼ −11.9%−1,500 lots · short covering · price +2.3%
Futures OI open, lots
11,00025 May · 26 May expiry
Futures premium, ₹
+0.36+0.4% to spot
Puts per call, by OI
0.60from 0.47 the session before
Max pain
103from 102 the session before

Source NSE UDiFF bhavcopy · IRFC on the desk →

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