STOCKS:
The benchmark BSE Sensex rose 160.09 points, or 0.28%,
to 57,715.99, while the broader NSE index gained 3
points, or 0.02%, to 16,975.15, as Credit Suisse, one of
Europe's top lenders, added to worries about a crisis in the
global financial sector. RUPEE:
The Indian rupee weakened 0.17% versus the U.S. dollar,
and quoted at 82.73 per dollar, as concerns over a European
lender dented broader risk sentiment. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.32
rupees, with yield unchanged at 7.3601%, as focus of the market
shifted to the Federal Reserve's policy meeting next week after
recent the turmoil in U.S. yields. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
3 bps at 6.70%, while the benchmark five-year swap rate fell 3 bps to 6.30%.
CALL MONEY/REPOS:
India's overnight call money rate was up 20 bps at
6.50% against 6.30% in the previous session. The overnight TREPS
rate was at 6.27%, compared with the previous
day's weighted average of 6.2883%.
(Reporting by Anushka Trivedi)
(.)
MUMBAI, March 16 (Reuters) -
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