S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The yield on India’s 10-year G-Sec fell to around 6.94%, retreating from near three-month highs as larger-than-expected FCNR(B) inflows boosted liquidity and improved sentiment toward Indian debt. The RBI said it attracted more than $127 billion through the FCNR(B) route, far exceeding market expectations of around $90 billion, taking total inflows including external commercial borrowings and overseas foreign-currency borrowings to $136.38 billion. The inflows boosted banking-system liquidity as banks swapped much of the foreign currency with the RBI, while the stronger rupee eased imported inflation concerns. This is expected to support demand for shorter-duration securities, particularly five-year maturities, with much of the funds likely to remain in the system for three to five years. However, elevated crude prices and US Treasury yields capped the decline, with Brent near $95 a barrel and the US 10-year yield above 4.80%.
