India stocks, rupee, swaps, call at 1 p.m. IST

STOCKS:

The benchmark BSE Sensex SENSEX rose 359.24 points, or 0.59%, to 61,014.96, while the broader NSE index NIFTY gained 105.65 points, or 0.59%, to 18,158.95, lifted by gains in metals and financials, while foreign investors turning net buyers of domestic shares also helped the sentiment.

RUPEE:

The Indian rupee USDINR strengthened 0.40% versus the U.S. dollar, and quoted at 81.45 per dollar tracking strength in local equities.

GOVERNMENT BONDS:

Benchmark 10-year bond (IN072632G=CC) was quoted at 99.61 rupees, with yield down 2 bps at 7.3166%; vs previous close of 7.3335%, tracking global peers following the Bank of Japan's monetary policy decision.

OVERNIGHT INDEXED SWAPS:

The one-year overnight indexed swap rate (INRAMONMI1Y=) was down 4 bps at 6.63%, while the benchmark five-year swap rate (INRSMONMI5Y=) fell 8 bps to 6.15%.

CALL MONEY/REPOS:

India's overnight call money (INROND=) rate was down 15 bps at 6.10% against 6.25% in the previous session. The overnight TREPS rate (INTREPTOT=TCCL) was at 6.00%, compared with the previous day's weighted average of 6.1829%.