STOCKS:
The benchmark BSE Sensex rose 159.07 points, or 0.26%,
to 60,808.45, while the broader NSE index gained 51.9
points, or 0.29%, to 17,966.95, dragged by financials after Axis
Bank Ltd's weaker-than-expected March quarter result, while the
uptick in beaten-down information technology stocks capped
losses. RUPEE:
The Indian rupee strengthened 0.05% versus the U.S.
dollar, and quoted at 81.80 per dollar, tracking strength on
most of its Asian peers GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 101.05
rupees, with yield up 1 bps at 7.1071%; vs previous close of
7.0987%, as traders await debt auction result. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was down
1 bps at 6.56%, while the benchmark five-year swap rate rose 4 bps to 6.05%.
CALL MONEY/REPOS:
India's overnight call money rate was unchanged at
6.75% against 6.75% in the previous session. The overnight TREPS
rate was at 6.79%, compared with the previous
day's weighted average of 6.7557%.
(Reporting by Dharamraj Dhutia)
MUMBAI, April 28 (Reuters) -
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.