Indian market is expected to consolidate, mirroring mixed global signals, with Nifty futures closing negatively. Option data indicates a trading range between 24,600 and 25,600. Experts recommend buying Biocon, LIC Housing Finance, Marico, Prestige Estates, Ambuja Cements, and Voltas, while suggesting selling Tata Motors for short-term gains.
Bond supply may outweigh demand, push yields higher
Bond yields in India are anticipated to increase in the latter half of this fiscal year. This rise is primarily due to higher government borrowing