The 10-year benchmark is likely to trade in a range of 7.76-7.81 percent today, says Ajay Manglunia of Edelweiss.
Ajay Manglunia of Edelweiss said, "The mild recovery seen in gilts following the auction cut-off announcement suggests that selling pressure might have subsided for now. However, buying is unlikely to gain much momentum as appetite still remains subdued despite attractive valuations."
"The 10-year benchmark is likely to trade in a range of 7.76-7.81 percent today," he added.
The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .