Wildest yield gap since 2001 boosts allure of bonds, shows data – news 07 trends

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India’s inventory bulls have additional causes to stress after having suffered back-to-back weekly losses as yields on the federal authorities bonds climb with worldwide pals.

The ratio between the nation’s benchmark 10-year yield and the BSE Sensex index’s current earnings yield is now on the best stage since 2001, dimming the attraction of equities.

Nevertheless, ICICI Securities isn’t swayed, saying in a bear in mind Monday that Indian equities don’t look overvalued relative to bonds even after the yield spike, together with {{that a}} state of affairs of larger monetary progress and cheap inflation could possibly be bullish for shares.

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