PNB Gilts

PNB Gilts shares surged nearly 20% after reports suggested India may reduce taxes on bond investments by foreign investors to attract capital and support the rupee

'A lot would depend on the RBI and liquidity. There is a glide path for yields now'

Goel said that there are two or three other indices that may also include India

A combined 27.85 million shares, representing nearly 60 per cent of free-float equity of PNB Gilts, have so far changed hands on the NSE and BSE

Banks have been asked to maintain an incremental cash reserve ratio of 10% on increase in deposits between May 19 and July 28, and this would withdraw over one trillion rupees ($12.03 billion)

The stock was up 10% at Rs 51, zooming 70% from Rs 30 post Q2 results as compared to 7.9% decline in the Sensex