Here's why the stock market rallied on Thursday, May 23: PSU bank stocks cheered RBI's dividend move; Optimism over election outcome coupled with ease in bond yields lifted NSE Nifty to a new high.
The 7.18 per cent 2033 bond yield is expected to trade between 7.05 per cent and 7.10 per cent, after ending at 7.0925 per cent, a trader with a state-run bank said
The yield on the 5-year government bond settled at 7.09 per cent on Friday
Inflation accelerated in the first quarter on strong domestic demand after moderating for much of last year
Barclays forecasts retail inflation for May at 5.0%
India's foreign-exchange reserves hit a record high in April, and the rupee has remained emerging Asia's best performing currency even against a strong dollar, reflecting increased investor interest
India will report consumer price inflation data today
Weak job data bolstered the speculation that the weakening economy would force the US Federal Reserve to cut rates
The US Treasury yields slipped on Thursday ahead of inflation reports that are pivotal for the Federal Reserve's higher-for-longer rate strategy
Yields declined on Monday tracking a drop in US yields, as traders turned optimistic on the Federal Reserve's rate cuts during the year after weaker-than-expected April nonfarm payrolls data
Bond yields declined at the start of the week, as the government announced a surprise buyback of bonds worth Rs 40,000 crore ($4.79 billion)
The benchmark 10-year yield was at 7.1620% as of 10:00 a.m. IST, following its previous close of 7.1598%
The benchmark 10-year Indian yield is likely to trade in a 7.16 per cent-7.21 per cent range, following its previous close at 7.1870 per cent, a trader with a primary dealership said
Foreign investors pulled out domestic equities worth Rs 6,300 crore in April on concerns over tweaks in India's tax treaty with Mauritius and sustained rise in US bond yields. This came following a whopping net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, data with the depositories showed. Foreign Portfolio Investors (FPIs) made a net outflow of Rs 6,304 crore in Indian equities this month (till April 26), the data showed. "The trigger for this renewed FPI selling, in both equity and debt, is sustained rise in US bond yields. The 10-year bond yield now stands at around 4.7 per cent, which is hugely attractive for foreign investors," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. While the tweak in India's tax treaty with Mauritius on investments made in India via the island nation continues to bother foreign investors, weak cues from the global markets with uncertain macro and interest rate outlook didn't augur well for ...
Bond yields declined in the first two days of the week, before giving up some of the fall on Wednesday, as oil prices and US yields continued to be around levels where a further upside is possible
The yield on the newly issued 10-year bond has risen by 6 basis points since its issuance
Iran ended its retaliatory attack with no significant damage to Israel, and the US said it did all it could to avoid an open warfare erupting between the two countries
The market will be closely monitoring the movement of crude oil prices given the geopolitical conflict heating up in the Middle East, said dealers
New 10-year bond becomes the second most traded
The benchmark 10-year bond yield ended at 7.0934%, following its previous close of 7.1030%