Market Reports

Money market

Sentiment: Positive

Yields on gilts came off slightly, while those on corporate bonds slipped by 10-15 basis points.

Higher inflation led to prices of gilts opening lower; but ample liquidity drove the prices up later.

The benchmark 9.81 per cent 2013 gilt opened at Rs 128.62 (6.001 per cent), edged up to Rs 129.03 (5.955 per cent) and was last dealt at Rs 128.90 (5.97 per cent).

The long-dated 8.35 per cent 2022 gilt opened at Rs 121.40 (6.393 per cent), rose to Rs 121.90 (6.353 per cent), and finished the day at Rs 121.80 (6.36 per cent).

In corporate bonds, the 6.40 per cent 2007 Hindalco was dealt at a yield of 6.09 per cent as against Saturday