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Rates surged after RBI revised inflation forecast

Updated at : 2022-04-08 19:20:03

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The benchmark bond yield Friday rose by 16 basis points to 7.07 percent, the highest level since June 10, 2019, show data from Bloomberg. When bond yields rise prices fall.

Adani Group said Abu Dhabi’s International Holding Company PJSC (IHC) will invest $2 billion as primary capital in three portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL).

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The Nifty Realty index was trading 0.01 per cent down at 473.8.

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"The daily chart is hinting at a short-term bottom but an indecisive Doji on the weekly chart is raising the question mark about the upmove, which is in progress from the low of 15,671 over a period of five weeks. A stay above 17,600 level can help the bulls retest recent highs at around 18,100 levels," said Mazhar Mohammad of Chartviewindia.in.

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Describing the monthly chart of US bond yield as “the most important chart in the world”, a break of the trend would amount to confirmation of the end of the disinflationary era of the past 40 years.

The rupee appreciated 13 paise to settle at 75.90 (provisional) against the US dollar on Friday, amid the Reserve Bank of India maintaining status quo on the benchmark lending rate. Announcing the monetary policy, RBI Governor Shaktikanta Das said the Indian economy has large forex reserves and that it stands ready and resolute to defend the economy.

“Next policy going forward, there could be a change in stance from accommodative to neutral. We are as of now maintaining a 50 bps rate hike for this financial year in terms of a policy rate hike but on your question, there is always this dilemma of growth versus inflation. ”

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According to a notice by BSE on Thursday, 6,61,53,846 equity shares of Rs 2 each fully paid up of Ruchi Soya Industries Limited are listed and admitted for trading on the exchange with effect from Friday, April 08, 2022.

At the beginning of March, a total of 2,905 complaints were pending and 3,329 complaints were received in that month, the data showed.

Stock market update: Nifty Bank index advances 0.52%

Updated at : 2022-04-08 17:25:03

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The Nifty Bank index closed 0.52 per cent up at 37752.05.

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