Bharat-22 ETF FFO Currently oversubscribed 1.47x;
Govt Official To CNBC-TV18 | Bharat-22 ETF FFO Currently oversubscribed 1.47x; Govt to raise Rs 8,400 cr from Bharat-22 ETF FFO, with greenshoe option of Rs 2,400 cr
Domestic market developments
Domestic market developments: · Domestic benchmark equities ended lower today, tracking weak global cues, as worries of a trade war between the US and world's other economies dampen investor sentiment. Financial and energy stocks were among the biggest drags on both the indexes. Sensex and Nifty ended 0.61% and 0.55% lower respectively. · Government bond prices ended flat today. However, weakness in Rupee versus Dollar fuelled fears of FPI outflows in the Indian government debt market. Sharp rise in crude oil prices on Friday disrupted risk-appetite. However, hope of more open market bond purchases by RBI provided some support to prices. The yield on 10-year G-sec ended at 7.82% similar to the previous close. · The Rupee weakened against the US Dollar on weak risk appetite following ongoing global ...
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