"Benchmark yield is seen in the 7.32%-7.42% band, and mutual funds have added, but still some amount of tactical positioning is possible. This is also a good time to add positions gradually," said Dhawal Dalal, chief investment officer - fixed income at Edelweiss Asset Management.
India Business News: Investors are advised to consider making staggered investments in debt mutual funds, particularly gilt schemes that focus on long-term government secu
The Nifty auto index saw 14 advances with just one decline in Balkrishna Industries. The top gainer was Bharat Forge which was up 2%. Meanwhile, 7 stocks were up in the Nifty Realty index with 2 declines and 1 stock trading on a flat note.