Safe-haven government bonds fared well in the wake of risk aversion in the broader market, with the benchmark US Treasury yield touching its lowest level in three years. The survey showed that manufacturing activity declined to The year US Treasury yielded 1.
Reuters contributed to the story Share Via. Gupta, managing director at Taurus Mutual Fund. Australian stocks lost 0. Photo: Reuters Domestic equity markets on Tuesday reflected weak sentiments of investors who seem spooked after the release of official GDP data, which indicated that India's growth slowed to 5 per cent in the first quarter of Sales numbers for August have triggered a major slowdown in the auto sector.
However, the lower-than-expected growth figures attracted negative commentary from both brokerage firms and economists, sending shockwaves among domestic and foreign investors.
Most of them are gearing up for a flat or marginal growth for the second successive year. At around 3. Core industries slowdown, PMI data Another blow to the stock market can be traced back to the release of official core sector data on Monday.
FII outflow Equity markets are also bearing the brunt of higher capital outflow. Back home, with consumption demand not showing any signs of recovery, automobile dealers do not expect sales to grow significantly during the festival months September and October vis-a-vis last year.