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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

Samie Modak 

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

The 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 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 crude oil prices, too, had on the tenterhooks, especially in the September and December quarters, when it touched a high of $86 barrel a and dropped to a low of $49.7 a The have been turbulent, with the dropping nearly 15 per cent from its highs and almost recouping the losses later.

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


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

First Published: Sat, March 30 2019. 01:26 IST
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