Investors will get a sense of how much more debt India is planning to raise in it's upcoming Feb 1 budget
Equity benchmarks surrendered early gains to close with losses on Wednesday, snapping their four-day winning streak as investors pared exposure to telecom, realty and tech stocks amid a mixed trend in global markets. Investors were also cautious ahead of the US Federal Reserve's meeting on interest rates, while a depreciating rupee further weighed on sentiment, traders said. After a positive beginning, the 30-share BSE Sensex failed to hold on to the gains and ended 215.26 points or 0.35 per cent lower at 60,906.09. During the day, it slipped 326.96 points or 0.53 per cent to 60,794.39. Similarly, the broader NSE Nifty fell 62.55 points or 0.34 per cent to settle at 18,082.85. Bharti Airtel was the top gainer among the Sensex constituents, spurting 3.05 per cent, followed by Maruti, Hindustan Unilever, Infosys, HCL Technologies, IndusInd Bank and Titan. On the other hand, Sun Pharma, ITC, Tech Mahindra, Dr Reddy's and Reliance Industries were among the gainers. "With the Federal
Given the risk of high inflation, bond yields can harden further. However, current rates are attractive and provide good scope to start nibbling, say experts
In its April 8 monetary policy review, the Reserve Bank of India (RBI) signalled that from being supportive towards growth, its focus would now shift towards reining in inflation
The Reserve Bank of India has lifted its holding of the 5.85% 2030 bond to 545 billion rupees ($7.5 billion) or at least 52% of the total outstanding via Operation Twists.
A rise in commodity prices has fanned inflation risks, pushing bond yields higher. That apart, the US launched airstrikes in Syria on Thursday, which further dented global mood
The benchmark bond (10-year tenor) yields had fallen to 5.6 per cent during the peak of the pandemic crisis but have since been rising and jumped 31 bps since the Budget
The central bank is offering commissions as high as 50 paise per Rs 100 face value for a bond maturing in 2050, compared with just 1.24 paise on April 30, 2020
The yield opened at 6.15 per cent mark and moved up further to hover around 6.68 per cent level, according to Clearing Corporation of India Ltd ( CCIL) data
RBI's debt purchases will keep a lid on them even as higher inflation boosts the odds of monetary tightening