Market Reports

Money market

Sentiment: Positive

Yields on government securities and corporate bonds softened.

Though banks chose to stay on the sidelines due to annual closing of accounts, mutual funds and primary dealers built up positions on the back of easy liquidity.

There was hardly any trading in the call money market.

At the two-day repo auction the RBI received 23 bids aggregating Rs 14,010 crore. All the bids were accepted.