May 30, 2012 / 10:28 AM / 5 years ago

SNAPSHOT-India stocks, bonds, rupee, swaps, call at 1020 GMT

STOCKS         	
   -----------------------    	
   India's benchmark BSE index ended down 0.77 percent,
while the 50-share NSE index closed 0.79 percent lower.
Tata Motors shares slumped 12 percent intraday after
earnings disappointed on operating level, leading to a raft of
analyst downgrades.  	
        	
   GOVERNMENT BONDS      	
   -------------------------------      	
    India's benchmark 10-year bond yield steady
at 8.52 percent, retreating from a near three week high of 8.56
percent reached in opening trades, as concerns over the outlook
for the euro zone weighs.  	
    The absence of any open market operation announcement so far
this week was weighing on bonds, traders said.	
   	
   RUPEE      	
   --------------      	
   The Indian rupee weaker on Wednesday, adding to losses in the
previous session, with euro zone worries continuing to mount
because of worries about Spain's banking woes. The partially
convertible rupee was at 56.08/12 per dollar, weaker
than its 55.67/68 close on Tuesday.  	
       	
   INTEREST RATE SWAPS      	
   ----------------------------      	
   India's 1-year OIS rate was 2 basis points
lower at 7.91 percent, while 5-year OIS down 2
basis points to 7.42 percent.	
	
   CALL MONEY      	
   --------------------      	
   The inter-bank call money rate was unchanged at
Tuesday's close of 8.10/8.15 percent.    	
    	
  ----------------------      	
  Double click on codes in      	
  Reuters MIOR/MIBOR                                    	
  NSE MIBID/MIBOR                                     	
  Reuters Corporate Bond Yield/Spread            	
  For Reuters Benchmarks                            	
  South Asia markets technicals - (www.reuterstechnicals.com)	
	
 (Compiled by Archana Narayanan)

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