Yield on the 10-year benchmark government bond dropped to a low of 7.19% on Tuesday, five basis points lower than its closing level at the end of last week. The benchmark bond closed at 7.19% on Tuesday. Falling government bond yields lead to lower borrowing costs across the economy.
BSE shares fall 3% as rival NSE gets closer to mega IPO. More pain ahead?
BSE shares fell on Friday after rival NSE announced its Rs 22,662-crore IPO, with the issue set to open on September 17. Bernstein has an