Equity Market Update:
Indian equities could not maintain the previous week’s positive trend. S&P BSE Sensex and Nifty 50 lost about 1% each. Sentiments were mainly affected after the government’s plan for Rs 50,000 crore stimulus spending raised concerns over fiscal deficit.
Debt Market Update :
Government bond prices ended down in the week as sentiment took a hit as reports of the government considering a stimulus package to boost the economy led to fear of extra borrowing in the current financial year. The 10-year benchmark 6.79%, 2027 bond ended at 6.66% yield on September 22 as against 6.60% yield on September 15.