The benchmark 10-year Indian government bond yield ended at 7.2318%. The yield rose two basis points on Thursday to end at 7.2146%. The 10-year 7.26% 2032 bond yield ended at 7.2135% after ending at 7.1859% on Thursday.
The benchmark 10-year Indian government bond yield ended at 7.2318%. The yield rose two basis points on Thursday to end at 7.2146%. The 10-year 7.26% 2032 bond yield ended at 7.2135% after ending at 7.1859% on Thursday.
“We have seen the valuations of all the IT companies, especially the mid and smallcap IT companies going through the roof in the last couple of years and the corrections also have seen pretty decent. We feel that some largecap companies are now trading at very reasonable valuations and mid and smallcap companies valuations are still a far away from reasonable valuation.
The group of overseas investors included Robert and Ardis James Co, East River Holdings Ltd, Swiss Re Investors (Mauritius), FI investments, Cuna Group (Mauritius) and Kamehameha Mauritius.They had objected to the lender's decision over the withdrawal of the offer-for-sale (OFS) component from the draft red herring prospectus
Bonds in many European countries, meanwhile, marked their worst monthly performance in decades in August, helping send the closely watched Bloomberg Global Aggregate Bond Index down around 20% from its peak for the first time ever.
The rupee depreciated by 14 paise to 79.70 against the US dollar in opening trade on Friday, weighed down by strength of the American currency overseas.In the international market, gold was trading higher at USD 1,702 per ounce while silver was flat at USD 17.96 per ounce.
Investors pulled $9.4 billion from equity funds in the week to Wednesday, BofA said citing EPFR data, with U.S. equity funds suffering $6.1 billion of outflows, the largest outflow in ten weeks as investors pivot away from riskier assets.
The bonds will be allotted to investors on September 6, he added.IOC had previously in February raised Rs 1,500 crore through a bonds issue at a coupon rate of 6.14 per cent. That was lower than similar maturing government bond trading at an annualised yield of 6.29 per cent.
The Organization of the Petroleum Exporting Countries (OPEC and allies, together known as OPEC+, are due to meet on Sept. 5 against a backdrop of expected declines in demand, though top producer Saudi Arabia says supply remains tight."Oil prices are higher today after falling close to their summer lows over the course of the week.
