Yields on the 10-year benchmark security closed at 6.87% on Monday, versus its previous close of 6.84% on Friday, CCIL data showed. Yields closed at 6.82% a week ago. The 10-year US bond yield shot up by nine basis points to 4.27% on Monday.
Will BDL, HAL & other defence stocks deliver rocketing returns? Here’s why this brokerage remains bullish
India’s defence sector is gaining momentum on the back of rising defence spending, localisation, strong order pipelines and growing exports. Bajaj Broking remains bullish on