The benchmark BSE index ended up 0.23 percent and the broader NSE index closed 0.28 percent higher, as software stocks gained after upbeat U.S. and German data raised optimism about the sector’s business outlook, while higher global shares also helped.
India’s benchmark 10-year bond yield ended 1 basis point higher at 8.52 percent on profit-taking and on caution ahead of Federal Reserve Chair Janet Yellen’s speech at Jackson Hole later in the day, although broader sentiment remained supported by recent strong foreign buying.
The partially convertible rupee ended stronger at 60.4650/4750 per dollar against its previous close of 60.67/68, after earlier hitting a three-week high against the dollar, on continued strong buying of debt and shares by foreign investors.
The benchmark five-year swap rate and the one-year rate both closed down 2 bps at 8.01 percent and 8.44 percent, respectively.
India’s cash rate ended at 7.95/8.00 percent against Thursday’s close of 7.70/7.75 percent.
---------------------- Double click on codes in Reuters MIOR/MIBOR NSE MIBID/MIBOR Reuters Corporate Bond Yield/Spread For Reuters Benchmarks (Compiled by Dipika Lalwani)