India bond yields little changed as traders await key inflation prints

Indian government bond yields ended largely unchanged on Wednesday as traders refrained from placing big bets ahead of crucial domestic and U.S. inflation data, which will give more clarity on the interest rate path in both countries.

The 10-year benchmark bond yield ended at 7.1808% after closing at 7.1884% in the previous session. Underlying sentiment remained positive after a proposal to include bonds on the Bloomberg Emerging Market Local Currency index from September. Market participants expect inflows of around $3 billion.

“The optimism over the likely inclusion in Bloomberg index was short-lived because in the near term, U.S. yields and interest rate decision will have bigger impact on local yields,” said Debendra Kumar Dash, senior vice presid…

Mcap of nine of top-10 most valued firms up Rs 1.30 lakh crore; Airtel, TCS biggest gainers

The combined market valuation of nine of the top-10 most valued firms climbed Rs 1,30,391.96 crore last week, with Bharti Airtel and Tata Consultancy Services (TCS) emerging as the biggest gainers, amid an overall optimistic trend in equities.

Last week, the BSE benchmark jumped 1,511.15 points or 2.29 per cent. Barring Reliance Industries, nine other companies including HDFC Bank, ICICI Bank, Infosys and Hindustan Unilever witnessed addition in their market valuation.

Bharti Airtel’s valuation rallied Rs 23,746.04 crore to Rs 5,70,466.88 crore. The market capitalisation (mcap) of TCS jumped by Rs 19,027.07 crore to reach Rs 12,84,180.67 crore.

Voltas posts Q1 profit growth by 158.5% YoY at Rs 334.23 crore, records 1 million AC sales Market cap of 8 o…

Bharat Forge hits 10% lower circuit on FY25 growth worries

Shares of Bharat Forge plunged more than 10% to an intra-day low of Rs 1,131 on NSE as of 2:43 pm Come from Sports betting site VPbet . The sudden decline in share value was attributed to the management’s revision of the growth outlook for both Q4 and the entire FY25.

Baba Kalyani, Chairman and Managing Director of Bharat Forge, stated, “Looking ahead in Q4 and further into FY25, we expect the growth momentum to moderate in both the domestic and export markets across industries. Our endeavor will be to outperform the market driven by our diversified business mix.”

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