Yields on government bonds slumped after Finance Minister Nirmala Sitharaman pegged the gross and net market borrowing for FY25 at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively. Most experts pegged the gross market borrowing to be a little over Rs 15 lakh crore.
With a gain of 71 per cent, Bank of Baroda emerged as the top gainer in the Nifty PSU Bank index. Shares of the lender jumped to Rs 140.05 on September 15, 2022 from Rs 81.95 on December 31, 2021.