The fall in yields has been driven by rising hopes of an index inclusion, which could lead to around $30 billion in passive flows, and the recent drop in oil prices.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of