Highlights• India's GDP grows 6.2% in Q3; economy seen expanding at 6.5% in 2024-25• Angel One shares drop 5% on confirming client data leak, AWS breach• Coal India shares rise subsidiary announces additional levy on coal dispatches• IT companies fall due to concerns over Trump tariffs, slowing US economy• IREDA shares slump over 7% as it enters F&O segment; stock down 50% from peak• Granules falls as US FDA issues warning letter after inspection of Gagillapur facility• Bitcoin crashes below $80,000 as Trump’s crypto hype fizzlesThe yield on 10-year government bonds ended higher after a weaker-than-expected demand for the last weekly gilt auction of the current financial year. The yield on benchmark 10-year bond rose 3 basis points in February, after easing 6 bps last month. Demand for longer-tenure bonds weakened after the RBI opted to infuse liquidity through a $10 billion FX swap, while market expected the continuation of bond purchases via open market operations.The Reserve Bank of India's longer-term dollar/rupee buy-sell swap witnessed firm demand with the auction drawing bids 1.6 times the $10 billion notified amount, with the premium cut-off set at 655 paise.
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