Bond yields rise nearly 30 bps in Oct, to raise govt's interest burden

Bank of India reported movement of 30 bps, 7.474% and 7.193%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -3.8% on the day at ₹131.00, and has returned -5.4% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -4.2% over the same period, so Bank of India is running 1.2 points behind its peers.

This is a Rate / liquidity policy event. Rate direction moves bank margins and the discount rate applied to every long-duration asset. The commentary usually matters more than the decision, which is often already priced. On the day the stock is -3.8%, so the market took notice.