The benchmark BSE Sensex SENSEX rose 607.35 points, or 1.02%, to 60,416.32, while the broader NSE index NIFTY gained 168.6 points, or 0.96%, to 17,762.95, on improved risk sentiment.
The Indian rupee USDINR strengthened 0.30% versus the U.S. dollar, and quoted at 81.72 per dollar. The currency rose to a one-month high, tracking an uptick in Asian currencies and the positive risk appetite.
The benchmark 10-year bond (IN072632G=CC) was quoted at 99.00 rupees, with the yield down 1 bps at 7.4082% as traders await the results of the state debt auction.
OVERNIGHT INDEXED SWAPS:
The one-year overnight indexed swap rate (INRAMONMI1Y=) was down 1 bps at 7%, while the benchmark five-year swap rate (INRSMONMI5Y=) fell 3 bps to 6.59%.
India’s overnight call money (INROND=) rate was up 60 bps at 6.30%. The overnight TREPS rate (INTREPTOT=TCCL) was at 6.30%, compared with the previous day’s weighted average of 6.2345%.