Stocks and bonds forked out in opposite directions on Monday — while the stock market was buoyant over TCS, Infosys and Wipro all coming out with their results on Wednesday, bond investors sulked over rising yields in the US and the RBI continuing to sell bonds in the market. At an auction held on January 7 of the 2026 paper, nearly Rs 4,388 crore devolved on primary dealers as participants demanded higher yields. A Reuters poll expects the headline number to hit a six month high of 5.80 per cent against 4.9 per cent in November. Investors accumulated IT and financial stocks ahead of the tech trio disclosing their numbers on Wednesday. Analysts said investors have been purchasing banking stocks as they are available at attractive levels.

Source: The Telegraph January 11, 2022 03:18 UTC