The Nifty has rallied 10% in the past month from the 2022 lows, while the bond yield has declined 23 basis points from 7.37% to 7.16% during this period. Estimated earnings yield to bond yield is trading below its 15-year average of 0.76%.
International Gemmological shares soar 10% on acquisition of 2 companies
Shares of the newly-listed International Gemmological Institute (IGI) surged 10% to hit the upper circuit and a new high of Rs 580.45 on the BSE,