The yield on India’s 10-year G-Sec hovered around 6.87%, stabilizing after recent losses as investors navigated a mix of global and domestic signals.
Sentiment remained shaped by geopolitical developments, tensions were kept elevated after US President Donald Trump announced that the ceasefire would continue indefinitely while maintaining a blockade on shipping through the Strait of Hormuz.
The move came amid the collapse of planned negotiations, with Iranian representatives declining to participate and US–Iran talks effectively stalled.
Oil remained a key driver of global markets, with Brent crude near $98 after a strong rally, keeping India’s import and inflation risks in focus.
At the same time, Moody’s Ratings cut India’s FY2027 growth forecast to 6% from 6.8%, citing weaker consumption due to higher energy costs, with the outlook now below the RBI’s 6.9% projection despite steady Q1 growth at 6.8%.
