MUMBAI, April 17 (Reuters) -
STOCKS:
The benchmark BSE Sensex fell 954.13 points, or 1.58%,
to 59,476.87, while the broader NSE index lost 191
points, or 1.07%, to 17,637, dragged by a sharp slide in
information technology (IT) stocks after weak quarterly earnings
from Infosys and Tata Consultancy Services. RUPEE:
The Indian rupee weakened 0.13% versus the U.S. dollar,
and quoted at 81.96 per dollar, as oil prices rose and a
resurgent dollar index weighed on Asian currencies. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 100.12
rupees, with yield up 2 bps at 7.2408% vs previous close of
7.2252%, tracking an uptick in U.S. yields. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 2
bps at 6.60%, while the benchmark five-year swap rate rose 4 bps to 6.16%.
CALL MONEY/REPOS:
India's overnight call money rate was up 30 bps at
6.45% against 6.15% in the previous session. The overnight TREPS
rate was at 6.44%, compared with the previous
day's weighted average of 6.2400%.
(Reporting by Dharamraj Dhutia)
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