Market Reports

Money market

Sentiment: Positive

Yields on gilts and corporate bonds softened by about 10 and five basis points, respectively.

The fact that the Centre is running a surplus of around Rs 9000 crore with the RBI led the market to overcome initial nervousness due to the US-Iraq conflict and tight liquidity conditions.

The benchmark 9.81 per cent 2013 gilt was last dealt at Rs 125.80 (6.33 per cent).

Call rates continued to be tight and finished at Monday