Expect gilts to be rangebound in run up to the policy: Ajay Manglunia

The 10-year benchmark yield is likely to trade in a range of 6.67-6.72 percent today, says Ajay Manglunia of Edelweiss.

April 03, 2017 / 08:00 IST

Ajay Manglunia of Edelweiss said, "The bond market focus will now shift towards the monetary policy review and participants are likely to adopt a cautious stance. The gilts are expected to be rangebound in the run up to the policy."

"The 10-year benchmark yield is likely to trade in a range of 6.67-6.72 percent today," he added.

first published: Apr 3, 2017 08:00 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347