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Bond yields are inversely proportional to equity returns and when bond yields decline, equity markets tend to outperform while when yields rise equity market returns tend to falter.
Benchmark equity indices are likely to remain volatile in the forthcoming week as traders roll over positions in the F&O segment from the near month January series to February series.
Each investment instrument has a risk profile and its unique set of advantages. Given the variety of choices, investors do tend to find it hard to zero in on an investment vehicle
Sectorally, all indices ended in red today. The Nifty PSU bank index ended as the top laggard on the NSE, down 4.7%, after surging nearly 6% each over the past two days.
GAIL (India) Ltd rose for a third straight session today.
Punjab National Bank gained for a third straight session today.
IDFC First Bank Ltd is up for a third straight session today.
Data shows that some 13 lakh new demat accounts were opened in December and 9 lakh in November.
Jindal Steel & Power Ltd has added 3.95% over last one month compared to 4.76% gain in S&P BSE Metal index and 2.58% rise in the SENSEX
FMCG stocks were trading in green, with the S&P BSE FMCG Sector index increasing 52.08 points or 0.42% at 12353.97 at 09:48 IST.