Amtek Auto’s default risk has dampened investor confidence even in top-rated government-owned corporate bonds as investors are asking for higher rates.
US stocks closed down on Monday as many investors put off making big bets ahead of the Federal Reserve’s policy meeting this week and others worried about weak economic data from China.
Indian stock market will remain volatile ahead of the US Fed meeting on Thursday despite softening inflation and greater chances of interest rate cut by RBI.
Institutional shareholders have opposed and voted against resolutions in 18 out of 58 annual general meetings (AGMs) of leading companies so far this year.
The earnings yield spread of the Sensex relative to the treasury yield is narrowest in five months following a 7 per cent drop in the Sensex in a month.