Indian Equity—Weekly update:
Indian equity indices carried on with the past week’s positive trend. S&P BSE Sensex and Nifty 50 rose about 0.2% each. Buying interest in shares of healthcare, banking and metal counters supported the market. S&P BSE Healthcare, S&P BSE Bankex and S&P BSE Metal were the topmost sectorial gainers – up around 2.2%, 1% and 1%, respectively.
Indian Debt—Weekly update:
Government bond prices weakened, with the yield on the 10-year benchmark 6.79% 2027 paper settling at 6.54% on August 24, compared with 6.51% on August 18. Trading remained lackluster during most of the week as market players avoided building heavy positions, noting the supply of dated securities (state-development bonds and gilts) up for sale.