Indian Equity—Weekly update:
Indian equity indices recovered the previous week’s sharp losses. S&P BSE Sensex and Nifty 50 rose 1% and 1.3%, respectively. The market was mainly boosted by bargain buying amid easing worries over tensions between the US and North Korea.
Indian Debt—Weekly update:
Government bond prices ended down, but off intraweek lows. Yield of the 10-year 6.79% 2027 paper settled at 6.51% on August 18 as against 6.50% on August 11. Prices weakened in the first session of the week after government data indicated a rise in wholesale price inflation for July. Sentiment was dented further after retail inflation data for the month showed a similar trend.