India stocks, rupee, swaps, call at 3:30 p.m. IST
MUMBAI, Feb 3 (Reuters) -STOCKS:
The benchmark BSE Sensex .BSESN rose 909.64 points, or 1.52%, to 60,841.88, while the broader NSE index .NSEI gained 250.65 points, or 1.42%, to 17,861.05 aided by a rise in financials and optimism that the rate hike cycle may be near the end after global central banks hinted at inflation easing, while an intraday rebound in key Adani group stocks added to gains..BO
The Indian rupee INR=IN strengthened 0.42% versus the U.S. dollar, and quoted at 81.83 per dollar as equities staged a recovery. INR/
Benchmark 10-year bond IN072632G=CC was quoted at 99.88 rupees, with yield down 2 bps at 7.2776% vs previous close of 7.2959% with the benchmark yield posting its biggest weekly drop since November as borrowing target undershot estimates, while the government sold a new 10-year note. IN/
OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate INRAMONMI1Y= was down 3 bps at 6.61%, while the benchmark five-year swap rate INRSMONMI5Y= rose 1 bps to 6.15%.
India's overnight call money INROND= rate was unchanged at 6.10% against 6.10% in the previous session. The overnight TREPS rate INTREPTOT=TCCL was at 6.06%, compared with the previous day's weighted average of 5.9978%.
Reporting by Bhakti Tambe
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.