RUPEE: Indian rupee was trading higher at 72.33/72.34 compared to 72.5050/72.5150 in the previous session, tracking Dollar weakness ahead of the Federal Reserve Chair Jerome Powell’s testimony.
STOCKS: The benchmark BSE Sensex rose 0.74% and the NSE index was up 0.82%, tracking Asian peers and U.S. futures. Reliance Industries, Larsen & Toubro and ICICI Bank were among the toper gainers.
GOVERNMENT BONDS: The benchmark 5.85% bond maturing in 2030 was trading higher at 97.59 rupees, yielding 6.18%, compared to 97.44 rupees, yielding 6.20% yield at previous close, on value buying from investors, while market anticipates a sale of state papers.
INTEREST RATE SWAPS: The one-year swap rate was at 3.80%, five basis points lower compared to 3.85% in the previous session, while the benchmark five-year swap rate fell six basis points to 5.28% from 5.34% at previous close.
05 Mar 2021 06:06 PM
Key factors to keep in mind before the US markets open
05 Mar 2021 05:08 PM
India's foreign exchange reserves rose to $584.55 billion as of Feb 26, compared with $583.87 billion a week earlier, the Reserve Bank of India.
05 Mar 2021 04:36 PM
Have a look at how Indian rupee ended the day
05 Mar 2021 03:51 PM
Indian equities fell for a second straight session today and snapped their three-day gaining streak as investors remained spooked by a sharp rise in US yields. Sensex managed to hold 50,000 and closed below 441 points, but Nifty gave up 15,000.
05 Mar 2021 03:00 PM
Pound fell and traded around 1.3830 as Dollar extended gains following Powell’s dovish comments leading to an upward rally in US yields.
05 Mar 2021 02:56 PM
Find out how European markets are reacting today