Last updated: 05 Mar, 2021 | 02:43 pm
The Indian equity market rebounded from its biggest one-day fall in 10 months seen on Feb-26th to end the week 2.5% higher. After gaining for the first three days in the week, the markets saw declines on Thursday and Friday, amid weak global cues and rise in bond yields.
Newsflow about long-term bond yields, Q3 GDP data, auto sales figures, FII flows and IPO’s dominated investors’ sentiments.
Sensex ends the week with gains
Top gainers and losers
Here is a quick recap of the market moving developments:
Rise in bond yields continue to spook investors
Bond Yields spike
The debt markets continued to remain under pressure in the week. The 10-year G-sec yields have been on the rise in the last two weeks due to factors such as rise in fiscal deficit, inflation outlook and global volatility. This has led to viscous sell-off in the bond market, leading to a spike in bond yields and consequent capital loss in bond portfolios.
Gold prices continued to drop in the week, down to around Rs 44,311 per 10 gm. Gold prices have been on the decline amid optimism of a faster global recovery, fueled by vaccine rollouts and hopes of more stimulus. This has led to a risk-on sentiment among investors, leading them to move away from the yellow metal.
Check out our other analysis on important market developments!
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