Cash market turnover fell almost 20% in October as rally take traders by surprise
State-owned lenders, which hold large quantities if G-Secs, to face brunt of yield spike
The partially convertible rupee was trading at 77.63/64 per dollar by 0805 GMT compared with its close of 77.45 on Friday. The rupee touched a record low of 77.7975 during the session.
Stock Market LIVE: The HDFC twins and Bajaj Finance are the major contributors for the Sensex 30, while Reliance Industries, ICICI Bank, Asian Paints and Infosys are the key draggers
Investors should stay true to their asset-allocation for investing for long-term goals. They may look at accrual-oriented funds, like the low duration and short-term funds
The main concern for the PSU banks is governance, says Pradeep Gupta of Anand Rathi Shares & Stock Brokers
10-year government bond yield hardened to 6.23 per cent on Friday, up 0.05 per cent from 6.18 per cent on Thursday, February 25
Banks collectively had reported a gain on treasury of Rs 598 billion in FY17