Investors are finding fixed income attractive amid market volatility. Basant Bafna of Mirae Asset Mutual Fund highlights appealing spreads and carry advantages. Inflows into fixed income funds are noted. The short-term outlook suggests curve steepening. Medium to long-term inflation is expected to remain anchored near 4%. Non-sovereign fixed income instruments appear particularly appealing.
Bajaj Auto shares rise 3% after August sales jump 28% YoY
Bajaj Auto shares rose on Tuesday after the two- and three-wheeler maker reported a 28% year-on-year increase in August sales. Strong export growth drove the