SNAPSHOT-India stocks, bonds, rupee, swaps, call at 0700 GMT

Thu Nov 22, 2012 2:24am EST

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STOCKS  
    ----------------------- 
    India's 30-share BSE index up 0.25 percent at 18,506.26
points and the 50-share NSE index 0.16 percent higher at 5,624
points, led by gains in rate-sensitive stocks on hopes that the
winter session of parliament, which started on Thursday, would
pass bills to liberalise the insurance, pension and banking
sectors. 
         
    GOVERNMENT BONDS 
    -------------------------------
    India's benchmark 10-year bond yield unchanged at 8.21
percent as the RBI has so far desisted from announcing an open
market operation this week. 
     
    RUPEE   
    --------------
    The partially convertible rupee weaker at 55.18/19
per dollar versus its previous close of 55.11/12. Traders
estimate some $200 million of dollar demand, which they
attribute to Cipla after the drug maker on Wednesday
said it would offer $215 million for a majority stake in South
Africa's Cipla Medpro.  
    
    INTEREST RATE SWAPS  
    -------------------------------------
    The 1-year overnight index swap (OIS) unchanged at 7.76
percent and the 5-year OIS rate steady at 7.17 percent. Dealers
say the market now expects open market operations by the central
bank next week to address liquidity shortage. 
              
    CALL MONEY 
    --------------------         
    India's one-day cash rate at 8.05/8.10 compared with its
previous close of 8.00/8.10 percent. 
    ---------------------        
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  Reuters MIOR/MIBOR                                    
  NSE MIBID/MIBOR                                     
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  South Asia markets technicals - (www.reuterstechnicals.com)

 (Compiled by Abhishek Vishnoi)
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