The Treasury bill rates increased by almost 90 basis points yesterday at the weekly auctions. However the high inflation expected for march is not going to compensate the negative returns on FDs and fixed income securities as of now. The market continued to consolidate with the indices closing mixed with ASPI closing down 32 and S&P gaining 3 points on a low turnover of 1.3 billion . The market is expected to remain on the consolidation mode the next two days of the week too before the month and quarter end next week.
