STOCKS:
The benchmark BSE Sensex fell 586.82 points, or 0.97%,
to 59,844.18, while the broader NSE index lost 150.75
points, or 0.85%, to 17,677.25, after Infosys tumbled 15% and
sparked a selloff in IT stocks following the country's No. 2 IT
services exporter's weak results and forecast. RUPEE:
The Indian rupee weakened 0.07% versus the U.S. dollar,
and quoted at 81.91 per dollar, tracking higher oil prices and a
resurgent dollar index that weighed on Asian currencies. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 100.09
rupees, with yield up 2 bps at 7.2445%; vs previous close of
7.2252%, tracking rise in U.S. yields. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
one basis point at 6.57%, while the benchmark five-year swap
rate rose 6 bps to 6.18%.
CALL MONEY/REPOS:
India's overnight call money rate was up 10 bps at
6.25% against 6.15% in the previous session. The overnight TREPS
rate was at 6.69%, compared with the previous
day's weighted average of 6.2400%.
(Reporting by Dharamraj Dhutia)
MUMBAI, April 17 (Reuters) -
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