For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Holiday mood may keep traders away from gilts this week

    By Religare
    |
    Holiday mood may keep traders away from gilts this week
    Taking cues from the last week's trading and the ongoing year-end celebrations, market experts have been expecting a dull trading week for the gilts with investors looking less likely taking fresh positions amid holiday mood.
     

    "I do not expect much movement in gilt yields, as this week marks the beginning of the month and the quarter," said Parthasarathi Mukherjee, president, treasury and international banking, Axis Bank, as per a media report.

    Last week, on Friday, the yield on 10-year benchmark 8.15 per cent 2022 ended almost unchanged at 8.11 per cent. Also the worries over government's additional borrowings eased after RBI announced plans to auction treasury bills worth Rs 140,000 crore in the period from January-March.

    Going ahead, in 2013, investors will take cues from the RBI's monetary policy, said experts adding that any rate cut in January-March period will ease the yields.

    Besides, experts also said that Indian currency may gain value against US dollar due to month-end factor while inflows by foreign institutional investors expected to continue in the new-year, too.

    Read more about: gilt markets
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more