The benchmark BSE Sensex fell 1,414.85 points, or 1.93 per cent, to 71,713.92, while the broader NSE index lost 388.3 points, or 1.76 per cent, to 21,644, as a drop in top private lender HDFC Bank after its quarterly results dragged high-weightage financials, while Asian peers eased after China’s quarterly growth fell short of expectations.
The rupee weakened 0.02 per cent versus the US dollar, and quoted at 83.09 per dollar, tracking its Asian peers lower as paring of rate cut bets in the United States and risk sentiment helped the dollar climb to its highest level in more than a month.
The benchmark 10-year bond was quoted at 100.16 rupees, with the yield up 1 bps at 7.1562%, tracking a rise in US yields.
The one-year overnight index swap rate was unchanged at 6.60 per cent, while the benchmark five-year swap rate rose 3 bps to 6.18 per cent. The overnight call money rate was up 5 bps at 6.80 per cent. The overnight TREPS rate was at 6.76 per cent, compared with the previous day’s weighted average of 6.76 per cent.
