Get ready to pay more for margin trading
Brokers’ borrowing costs from NBFCs for margin funding have surged to 10-11% from 8-8.50% earlier. Industry officials ET spoke to attributed the decision to increase loan rates to brokers to two reasons. One is that the Reserve Bank of India nudged NBFCs to do so amid concerns about elevated leverage in the stock market.
India’s record equity valuations a vote of confidence by FPIs: Buch
Sebi Chairperson, Madhabi Puri Buch, applauds FPI’s trust in India’s growth as local equities peak. Market efficiency enhanced with shorter settlement cycles, reflecting global confidence in Indian markets.
Govt bond yields rise to 2-month highs
Yield on the 10-year benchmark government bond rose 7 basis points to settle at 7.12% on Tuesday, its highest closing level since January 31. Bond prices and yields move inversely.