Markets Reports

Money market

Sentiment: Moderate

The gilts market witnessed fresh buying interest from nationalised banks as players built up positions.

While there was a good volume of transactions, prices remained ranged in 4-5 paise band.

The ten-year benchmark paper 9.81 per cent 2013 closed at around 5.54 per cent.

The yield on the 7.49 per cent 2017 gilt eased to 5.8321 per cent (5.8401 per cent).

Call rates inched up a bit to around 4.95 per cent owing to demand for funds as the entire market was building up positions.

Forex market

Market Sentiment: Bullish

Following the dollar