The Nifty IT index, which had held gains on Friday due to an encouraging demand forecast for the industry, also succumbed to the broader bearish attitude.
India Likely To Be Included In Global Bond Index By October: Report India Likely To Be Included In Global Bond Index By October: Report Since 2019, India has been working toward getting included in global bond indexes as rising government borrowing has necessitated opening the largely domestic bond market to a broader investor base.
The government sets a limit on foreign institutional investors government securities purchases
India is confident of getting included in a global bond index by October but it will not be able to raise funds in the coming financial year as the actual listing could take around 12 months after its inclusion, said two senior sources aware of the discussions. Since 2019, India has been working toward getting included in global bond indexes as rising government borrowing has necessitated opening the largely domestic bond market to a broader investor base. India was hopeful of completing the listing in the upcoming financial year, starting on April 1, a