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<\/p>\nAfter a sharp rally in the equities market this year, investors could be better off rotating some funds towards the debt market.<\/p>\n
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Experts believe several tailwinds could spur bond market returns over the next 12–18 months.<\/p>\n
These include India’s robust macroeconomics, declining inflation, and the imminent passive flows of close to Rs 2.5 trillion on account of domestic sovereign bonds getting included in the JP Morgan global indices.<\/p>\n
Additionally, a study by Axis Mutual Fund shows that debt outperforms most other asset classes following a period of longer interest rate hikes.<\/p>\n
The 10-year government security last closed at 7.27 per cent.<\/p>\n
Zomato’s share snapback: Stirring the market pot<\/strong><\/p>\n The stock performance of restaurant aggregator and food delivery platform Zomato could improve following the removal of the share sale overhang.<\/p>\n Japan’s SoftBank completed the sale of all the shares it received after Zomato’s 91 per cent acquisition of Blinkit.<\/p>\n Furthermore, Chinese payment major Alipay offloaded its entire 3.44 per cent stake in Zomato on November 28.<\/p>\n Although shares of Zomato have doubled this year, they have underperformed the market recently.<\/p>\n Over the past month, the National Stock Exchange Nifty has risen by 8 per cent, while Zomato has declined by 1.5 per cent.<\/p>\n Analysts say that while the stock trades at rich valuations, the strong demand during recent selldowns indicates it can maintain momentum.<\/p>\n