Sovereign Gold Bonds (SGBs) of different tenures witnessed a decline of up to 10% on the NSE on Monday, February 2, following government proposal to eliminate the capital gains tax exemption for SGBs bought via secondary markets. Finance Minister Nirmala Sitharaman in Budget 2026 on February 1, proposed capital gains tax exemption for SGBs only…
On Monday, February 2, Indian bond yields jumped by 8 basis points (bps) following the government’s announcement of gross borrowing through government securities that exceeded expectations. The yield on the 10-year benchmark bond started at 6.740% and reached 6.778%, in comparison to the previous day’s close of 6.696%. The 10-year bond yield climbed to 6.78%,…
Historically, infrastructure has remained a budget favourite, and expectations this year point towards another meaningful push that could set the tone for stocks linked to roads, railways, construction, and cement. Market expectations currently center on a 10-15% increase in capital expenditure, reinforcing the long-term intent outlined in the National Infrastructure Pipeline. Roads, railways, urban infrastructure,…
