MUMBAI, May 8 (Reuters) -
STOCKS:
The benchmark BSE Sensex rose 716.29 points, or 1.17%,
to 61,770.58, while the broader NSE index gained 195.35
points, or 1.08%, to 18,264.35, helped by a recovery in
financials and strong domestic earnings. RUPEE:
The Indian rupee strengthened 0.05% versus the U.S.
dollar, and quoted at 81.77 per dollar, helped by the positive
risk mood following the U.S. monthly jobs report. GOVERNMENT BONDS:
Benchmark 10-year bond was quoted at 101.52
rupees, with yield up 3 bps at 7.0392% vs previous close of
7.0140%, tracking an upward move in U.S. yields after strong
economic data. OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate was up 1
bps at 6.57%, while the benchmark five-year swap rate rose 4 bps to 5.97%.
CALL MONEY/REPOS:
India's overnight call money rate was up 30 bps at
6.40% against 6.10% in the previous session. The overnight TREPS
rate was at 6.80%, compared with the previous
day's weighted average of 6.8212%.
(Reporting by Nallur Sethuraman in Mumbai)
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
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.