MUMBAI, April 24 (Reuters) - STOCKS:
The benchmark BSE Sensex rose 401.04 points, or 0.67%,
to 60,056.1, while the broader NSE index gained 119.35
points, or 0.68%, to 17,743.4 led by financials, after improved
quarterly results from heavyweights Reliance Industries and
ICICI prompted investors to shrug off concerns of a lacklustre
earnings season. RUPEE:
The Indian rupee strengthened 0.23% versus the U.S.
dollar, and quoted at 81.90 per dollar, outperforming its Asian
counterparts as foreign banks in India were seen selling the
greenback, several traders said. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 101.12
rupees, with yield down 6 bps at 7.0977% vs previous close of
7.1556% as traders and foreign banks increased purchases on bets
of monetary policy pivots by central banks. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
3 bps at 6.55%, while the benchmark five-year swap rate fell 4 bps to 6.03%.
CALL MONEY/REPOS:
India's overnight call money rate was up 20 bps at
6.85% against 6.65% in the previous session. The overnight TREPS
rate was at 6.75%, compared with the previous
day's weighted average of 6.7095%.
(Reporting by Bhakti Tambe)
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