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Sensex ends 2018-19 with 17.3% gains; rupee, govt bonds see high volatility

A surge in foreign inflows, amid cooling off of US bond yields, is seen as the major reason behind the latest market surge

bse, sensex, bombay stock exchange
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The HDFC Bank counter witnessed volumes of Rs 21 billion in the cash segment

Samie Modak
The Sensex ended 2018-19 with 17.3 per cent gains, the most since 2014-15. The gains  were boosted by an 8 per cent jump in benchmark indices in March. A surge in foreign inflows, amid cooling off of US bond yields, is seen as the major reason behind the latest market surge. 

Experts say the market performance has exhibited a high correlation to US bond yields.  The rupee and government bonds also saw high volatility, with the former swinging about 13 per cent against the US dollar, while the yield on the 10-year benchmark bond saw an over 100-bps movement. Brent

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First Published: Mar 30 2019 | 1:26 AM IST

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