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Share Market Highlights 08 May 2024: Sensex, Nifty settle flat; BPCL, Hero Moto Corp shine, Dr Reddy's, Asian Paints drag

Share Market Highlights 08 May 2024: Sensex, Nifty settle flat; BPCL, Hero Moto Corp shine, Dr Reddy's, Asian Paints drag
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Weighted average cut-off at G-Sec auction eases 6 bps to 7.45 per cent

Weighted average cut-off at G-Sec auction eases 6 bps to 7.45 per cent
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Weighted avg cost of State Government borrowings eased 20 bps to 7.52 per cent in FY 2024

Weighted avg cost of State Government borrowings eased 20 bps to 7.52 per cent in FY 2024
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Weighted avg cost of State govt borrowings eased 20 bps to 7.52% in FY24

Weighted avg cost of State govt borrowings eased 20 bps to 7.52% in FY24
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

States' borrowing cost decline marginally to 7.44 per cent

The borrowing cost for states fell to 7.44% in the debt auction, lower than the two-year high of 7.8% in January. This decline is attributed to the interim Union Budget and the fiscal deficit target. Issuance trailing, limited supply, and falling interest rates contributed to the decrease. The weighted average tenor increased, while the spread between cut-off rates declined.

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