The European debt crises caused markets to fall in the first half of the month, only to give a mild rally latter in the month on announcement by the European Central Bank of unlimited concessional finance to banks across the Euro Zone. For the month, the BSE Sensex closed down 4.1% at 15,455 while the Nifty closed down 4.3% at 4624. Read More
The sovereign bond market turned extremely bullish during the month, driving the yields to 2 months low, as the RBI resorted to series of OMOs to infuse liquidity in to the system. Slew of weak growth data as well as the dovish comments in the mid quarter policy review, raising hopes of reversal of tight monetary going forward, also added to the bullish sentiments. Read More
