Indian government bonds are poised for gains as lower-than-expected state debt supply and a surge in U.S. Treasuries boost sentiment. Traders anticipate the benchmark 10-year yield to test levels below 6.49%, with overnight index swaps also expected to decline.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.