The Indian bond market remains resilient amid global volatility as the RBI implements liquidity measures and rate cuts, with predictions of further reductions. Key economic indicators show easing inflation, improved GDP growth, and stable demand-supply dynamics. Investors are advised to focus on long-duration bonds and gilt funds for potential gains, despite ongoing risks such as currency fluctuations and US policies.

A further correction could still be on the horizon, either through price declines or a prolonged period of time-based consolidation.

Infosys dropped 4.3%, the top loser in the IT pack, after Morgan Stanley downgraded the stock from Overweight to Equal-Weight . Other IT large caps such as TCS, LTIMindtree, HCL Technologies, and Tech Mahindra declined 1.7-3.6%. Midcap IT companies fell 2-3%.

Vedanta s promoters will maintain over 50% stake in each of its demerged entities, as the focus remains on creating pure-play companies which will be better placed to capitalise opportunities.

Moody’s maintains a stable outlook for the Indian banking sector but anticipates some asset quality deterioration in unsecured retail, microfinance, and small business loans. Bank growth is predicted to slow to 11%-13% by FY26. Non-performing loans are expected to rise moderately to 2%-3%, and profitability will weaken slightly yet remain adequate.

The Reserve Bank of India (RBI) has introduced a new framework for recognising self-regulatory organisations (SROs) in the account aggregator ecosystem. SROs must be set up as a not-for-profit company with a minimum net worth of Rs 2 crore and report regularly to the RBI, ensuring adherence to guidelines and regulations.

“Dramatic changes in capital flows are the biggest risk… If every country starts retaliating and becomes an island, then it imperils the global system”

Hinduja Group-led IndusInd International Holdings (IIHL) mandated Barclays and 360 One to syndicate the debt, people cited above said. The bank on Monday disclosed accounting discrepancies in its derivative transactions affecting 2.35% of its net worth, raising alarm among potential investors.

According to BSE insider trading data, Kathpalia sold nearly 950,000 shares valued at ₹134 crore between May 24, 2023, and June 25, 2024, while buying 396,000 shares worth ₹34 crore. Similarly, Khurana sold 550,000 shares for ₹82 crore over 2023-24 and purchased 238,000 shares worth ₹25 crore.

The discount in the auction on Wednesday was 30 paise, while the previous OMO auctions have seen discounts of 40-50 paise. The next OMO purchase is scheduled for March 18, where the liquidity deficit is expected to widen after quarterly advance tax-related outflows.