MUMBAI, Jan 31 (Reuters) - STOCKS:
The benchmark BSE Sensex rose 49.49 points, or 0.08%,
to 59,549.9, while the broader NSE index gained 47.95
points, or 0.27%, to 17,696.9 but extended losses for the second
month, ahead of the union budget, as financial stocks continued
their slide since a short-sellers attack on the Adani Group and
IT stocks dropped ahead of the Federal Reserve's policy
decision. RUPEE:
The Indian rupee weakened 0.51% versus the U.S. dollar,
and quoted at 81.92 per dollar as traders cited custodial
outflows amid volatility in equities ahead of domestic budget
and the U.S. Federal Reserve meeting outcome. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.43
rupees, with yield down 6 bps at 7.3438%; vs previous close of
7.4004% triggered by short covering and as government plans to
issue a new 10-year paper this week. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
4 bps at 6.69%, while the benchmark five-year swap rate fell 5 bps to 6.24%.
CALL MONEY/REPOS:
India's overnight call money rate was down 15 bps at
6.30% against 6.45% in the previous session. The overnight TREPS
rate was at 6.34%, compared with the previous
day's weighted average of 6.4863%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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