MUMBAI, Feb 1 (Reuters) -
STOCKS:
The benchmark BSE Sensex rose 158.18 points, or 0.27%,
to 59,708.08, while the broader NSE index lost 2.25
points, or 0.01%, to 17,659.9 after the government raised the
minimum tax rebate limit and stepped up spending. RUPEE:
The Indian rupee was flat versus the U.S. dollar, and
quoted at 81.92 per dollar, giving up its post-budget gains to
mirror the reversal in equities as Adani Group companies tanked
again. GOVERNMENT BONDS:
The benchmark 10-year bond was quoted at 99.88
rupees, with the yield down 7 bps at 7.2774%, ending at its
lowest in three weeks, after the government's borrowing target
for the next financial year came in below estimates. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
5 bps at 6.67%, while the benchmark five-year swap rate fell 10 bps to 6.17%.
CALL MONEY/REPOS:
India's overnight call money rate was down 35 bps at
6.10%. The overnight TREPS rate was at 5.86%,
compared with the previous day's weighted average of 6.4237%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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