STOCKS:
The benchmark BSE Sensex rose 293.44 points, or 0.5%,
to 59,255.56, while the broader NSE index gained 105.55
points, or 0.61%, to 17,409.5, after eight consecutive sessions
of losses, led by metals following strong manufacturing data
from China, while a slowdown in domestic economic growth and
persistent rate hike concerns capped gains. RUPEE:
The Indian rupee strengthened 0.22% versus the U.S.
dollar, and quoted at 82.49 per dollar, tracking broad dollar
losses and expectations of inflows. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 98.74
rupees, with yield down 1 bp at 7.4473%; vs previous close of
7.4623%, amid value buying after weaker than expected economic
growth. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
2 bps at 7.00%, while the benchmark five-year swap rate fell 3 bps to 6.65%.
CALL MONEY/REPOS:
India's overnight call money rate was down 25 bps at
6.35% against 6.60% in the previous session. The overnight TREPS
rate was at 6.30%, compared with the previous
day's weighted average of 6.5995%.
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
(.)
MUMBAI, March 1 (Reuters) -
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