Morning Session – Indian Financial Market (01 May 2026)

Date: 01 May 2026 11:12 AM

Indian Rupee
Currency markets will remain closed today, on account of Maharashtra Day.

Indian Equities
Indian Equities markets will remain closed today, on account of Maharashtra Day.

Indian Government Bonds
Indian government bond yields reached a multi-week high today, with the 10-year benchmark yield crossing the 7% mark to settle around 7.01% amid concerns over surging crude oil prices and a weakening rupee. While the market is currently closed for Maharashtra Day, sentiment remains defensive due to rising U.S. Treasury yields and the recent announcement that Bloomberg has deferred India's inclusion in its global bond index until mid-2026. This upward pressure on yields has been further intensified by the RBI setting the new interest rate for Floating Rate Bonds 2034 at 6.45%, reflecting a broader trend of tightening liquidity and persistent inflation fears.

The 10-year benchmark bond yield was trading at 7.018%.

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