Business Standard

Monday, December 23, 2024 | 09:26 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Gas price, higher yield curve better indicators of disquiet than stock mkts

Amid the celebratory noises coming from liquidity-fueled equity markets, it's worth remembering that Covid-19 hasn't gone away yet

10-year bonds, benchmark, market, rbi
Premium

Illustration by Binay Sinha

Andy Mukherjee | Bloomberg
Consumers are feeling cheated at the gas station. Investors are returning empty-handed from government bond auctions. The Indian state is struggling to make its fiscal math work without shortchanging the first group or disappointing the second. 

Each of these discontents could curtail a still-unfinished recovery from the massive Covid-19 disruption. But you wouldn’t see any of those concerns reflected in the stock market, which is floating on $85 billion of liquidity pumped into the banking system in less than two years. At the height of the optimism surrounding the 2014 election that brought Narendra Modi to power, the benchmark Nifty

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in