monetary policy impact

RBI cancels Rs 11,000 crore bond auction; 10-year yield eases 7 bps to 6.53%

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RBI cancels Rs 11,000 crore bond auction; 10-year yield eases 7 bps to 6.53%

Mumbai: Yields on the benchmark 10-year sovereign bond eased nearly seven basis points on Friday to 6.531% as the Reserve Bank of India (RBI) cancelled the 7-year bond auction scheduled for a notified amount of ₹11,000 crore. The RBI cancelled the auction as yields bid by auction participants were likely higher than the central bank’s … Read more

Muted Q1 earnings expected, but hopes pinned on second-half recovery led by oil, cement and consumer demand: Mahesh Patil

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Muted Q1 earnings expected, but hopes pinned on second-half recovery led by oil, cement and consumer demand: Mahesh Patil

“For now, we expect the market to remain in a narrow range. It has become more stock-specific. Clearly, companies that report better-than-expected earnings are being rewarded, while those that disappoint are getting punished. We’re now in a phase where macro factors are subdued, and it’s the micro factors that will drive the markets from here,” … Read more