Sentiment: Bullish
 
  • Discount inflation concerns, public sector banks and mutual funds went on a buying binge in government securities market.
  • Headline inflation stood at 5.91 per cent, which was higher than the market expectations.
  • Prices in long-term securities soared by 40-50 paise, while those of the medium-term papers prices increased 25-30 paise.
  • The yield on the ten-year benchmark gilt, 7.37 per cent 2014, closed at 5.31 per cent.
 
 

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First Published: Feb 21 2004 | 12:00 AM IST

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