The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate. The government had previously estimated that the economy grew at a 3.2% annual rate last quarter. The Commerce Department's revised measure of the nation's gross domestic product, the total output of goods and services, confirmed that the economy.
Open FlipIndian government bond yields posted their first decline in the last four financial years as the central bank held rates, the demand-supply dynamics turned favourable and foreign inflows boosted sentiment. The benchmark 10-year bond yield ended at 7.0556%, following its previous close of 7.0927%. The yield fell 26 basis points (bps) this fiscal, after rising an aggregate of 118 bps.
Open FlipInvestors are drawing a lot of money from the secondary equities markets, with several momentum stocks giving βsellβ signals. Umeshkumar Mehta, CIO of Samco Mutual Fund, says itβs better to stay away from the stocks that have recently soared a lot since those might see a sharp correction. In a conversation with Moneycontrol, Mehta spoke about where he sees momentum stocks in the current market.
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