Indian government bonds may see further gains as US jobs data eases rate hike concerns. The potential inclusion of Indian sovereign bonds in a major index also supports bond prices. Retreating crude oil prices further contribute to the positive outlook for these bonds. Benchmark 10-year yields have already declined and are expected to ease more. Analysts anticipate further easing towards 6.64% levels in the near term.
Sebi levies Rs 40 lakh penalty on four entities in Axis MF front-running case
Securities and Exchange Board of India has imposed a total penalty of Rs 40 lakh on four entities. This penalty includes fines on Woodstock Broking