MUMBAI, March 24 (Reuters) - STOCKS:
The benchmark BSE Sensex fell 398.18 points, or 0.69%,
to 57,527.1, while the broader NSE index lost 122.75
points, or 0.72%, to 16,954.15 as investors turned cautious
after government hiked securities transaction tax on futures and
options contracts. RUPEE:
The Indian rupee weakened 0.26% versus the U.S. dollar,
and quoted at 82.48 per dollar as risk sentiment worsened on
worries over health of the financial sector in U.S. and Europe. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.62
rupees, with yield down 3 bps at 7.3158%; vs previous close of
7.3480% tracking fall in U.S. yields. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
7 bps at 6.64%, while the benchmark five-year swap rate fell 10 bps to 6.15%.
CALL MONEY/REPOS:
India's overnight call money rate was down 35 bps at
6.25% against 6.60% in the previous session. The overnight TREPS
rate was at 6.76%, compared with the previous
day's weighted average of 6.5002%.
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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