Bullish momentum in GILTS may see some tempering: Manglunia

The 10-year benchmark yield is likely to trade in a range of 7.14-7.19 percent today, says Ajay Manglunia, Edelweiss.

August 01, 2016 / 08:55 IST

Ajay Manglunia, Edelweiss said, "The bullish momentum in gilts might see some tempering this week given the magnitude of the overall rally and with the RBI policy review scheduled for next week. The trading range is expected to be narrow with possible hints of profit booking. The 10-year benchmark yield is likely to trade in a range of 7.14-7.19 percent today."

first published: Aug 1, 2016 08:55 am

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