Lower estimate cheers bond mkt
Business Standard
|July 24, 2024
Rupee declines to new low due to fall in domestic equities
The lower fiscal deficit projection for financial year 2024-25 cheered the bond market as yields softened after the announcement but settled flat due to profit booking.
The bond market was expecting the fiscal deficit to be between 5 per cent and 5.1 per cent for the current financial year. This is against 4.9 per cent announced by Finance Minister Nirmala Sitharaman in the Budget.
The benchmark yield settled at 6.97 per cent on Tuesday, flat against Monday.
"Overall, the Budget was positive; the bond market was expecting the fiscal deficit target between 5 per cent and 5.1 per cent. There is resistance around 6.95 per cent and it is expected to trade within the range of 6.95-7 per cent for at least two weeks," said a treasury head at a private bank.
Bu hikaye Business Standard dergisinin July 24, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Business Standard'den DAHA FAZLA HİKAYE
Business Standard
Avoid over-allocation and chasing recent performance
In calendar year (CY) 2025, sectoral funds tracking the Nifty PSU Bank (26 per cent), Nifty Auto (20 per cent) and Nifty Metal (24 per cent) emerged as top performers.
2 mins
January 02, 2026
Business Standard
Moving with the times and tides
From open outcry trading and paper share certificates to demat accounts, the BSE has come a long way
1 min
January 02, 2026
Business Standard
From herstoric win to space glory, all that shaped the India story
Rediffusion's 'Hits & Misses' survey on what dominated the country's landscape
2 mins
January 02, 2026
Business Standard
The secret sauce to superior equity returns
Driven by disciplined capital management and macro stability efforts, the Indian stock market has delivered stellar long-term returns, consistently ranking among the best global performers for 40 years
3 mins
January 02, 2026
Business Standard
'India is still at an early stage in passive investing compared with US'
The Sensex’s 40-year milestone comes at a time when passive investing is reshaping India’s capital markets, with indices increasingly forming the backbone of investment products.
2 mins
January 02, 2026
Business Standard
The changing script of India’s most honest storyteller
When the Sensex was first published in 1986, India was still a closed, slow-moving economy trying to find its footing.
3 mins
January 02, 2026
Business Standard
Excise duty on tobacco, health cess on pan masala from Feb 1
Tobacco products and pan masala will attract additional central excise duty and Health Security se National Security Cess, respectively, with effect from February 1, the Ministry of Finance said in a series of notifications issued late on Wednesday.
3 mins
January 02, 2026
Business Standard
Risk-weight rules for NBFC infra loans relaxed
The Reserve Bank of India (RBI) on Thursday eased its proposed risk-weight framework for infrastructure lending by non-banking financial companies (NBFCs) following industry feedback, as it retained key lender protection norms.
1 min
January 02, 2026
Business Standard
BSE Sensex tops other asset classes by a hefty margin in 40 years
It has beaten gold and traditional savings, delivering a consistent winning streak while creating significant wealth for ordinary people who held their investments through decades of economic growth
4 mins
January 02, 2026
Business Standard
Legacy companies make way for modern businesses on the index
Family-owned firms’ predominance in the Sensex is in relative decline over the life of the index.
5 mins
January 02, 2026
Listen
Translate
Change font size

