STOCKS:
The benchmark BSE Sensex rose 1,031.43 points, or
1.78%, to 58,991.52, while the broader NSE index gained
279.05 points, or 1.63%, to 17,359.75, aided by IT and
financials stocks as investors found valuations attractive after
a recent correction. RUPEE:
The Indian rupee strengthened 0.21% to 82.1650 per U.S.
dollar on likely fiscal year-end related inflows and strength in
local equity markets. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 99.60
rupees, with yield up 3 bps at 7.3180%, as traders cut positions
after the April-September borrowing calendar announcement, while
focus remains on the central bank's monetary policy decision. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 3
bps at 6.79%, while the benchmark five-year swap rate rose 4 bps to 6.28%.
CALL MONEY/REPOS:
India's overnight call money rate was down 50 bps at
6.25% against 6.75% in the previous session. The overnight TREPS
rate was at 7.05%, compared with the previous
day's weighted average of 6.7703%.
(Reporting by Anushka Trivedi)
MUMBAI, March 31 (Reuters) -
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