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Shares of LIC-backed Standard Capital Markets are in focus today as the company has announced plans to raise Rs 130 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The small-cap non-banking financial company (NBFC) has approved the allotment of 13000 secured unrated and unlisted NCDs each with a face value and issue price of Rs 100000. The total proceeds from the issuance will amount to Rs 130 crore. On Tuesday shares of Standard Capital Markets closed 8.70 per cent lower at Re 0.42 apiece on the BSE. The stock opened flat on Wednesday but later gained to touch the high of Rs 0.43. But it soon dipped amid mass selling and touched an intraday low of Rs 0.38 The penny stock has seen a sharp decline falling 11 per cent over the past five days 23 per cent in the last month 58 per cent year-to-date (YTD) and 78 per cent over the past year. The non-banking financial company (NBFC) currently has a market capitalisation of Rs 72.66 crore. The 52-week high of the counter is Rs 1.81 and the 52-week low is Rs 0.37. Meanwhile equity benchmark indices Sensex and Nifty rebounded in early trade on Wednesday as retail inflation eased to a nearly six-year low of 3.16 per cent in April creating enough room for the Reserve Bank to go for another round of rate cut in the June monetary policy review. Also a cooling US April inflation data added to the positive trend in the equity markets. The 30-share BSE benchmark gauge Sensex climbed 281.43 points to 81429.65 in early trade. The NSE Nifty went up by 96.65 points to 24675. From the Sensex firms Tata Steel Bharti Airtel Eternal Tech Mahindra Infosys Mahindra & Mahindra Bajaj Finserv and Reliance Industries were the major gainers. Telecom operator Bharti Airtel climbed over 2 per cent after it posted about a five-fold jump in consolidated net profit to Rs 11022 crore in the March 2025 quarter mainly due to the tariff hike impact and one-time gain on tax benefits.