On Friday, the domestic equities rallied for the second straight day, driven by positive global cues and a drop in U.S. jobless claims. The Nifty surged 375 points (+1.5%) to hit record highs, with most sectors, except PSU Banks, ending in the green.
Treasury heads in buying mode as 5-year yield jumps
With government bond yields now at attractive levels, treasury heads are actively thinking about making purchases. After the RBI’s FCNR(B) scheme ended, the five-year bond