MUMBAI, Jan 1 (Reuters) - STOCKS:
The benchmark BSE Sensex .BSESN was slightly higher at 85,265, while the broader NSE index .NSEI rose 0.1% to 26,155, as broad-based gains, led by IT and auto companies, offset a sharp decline in ITC ITC.NS after government announced a new tax on cigarettes. .BO
RUPEE:
The Indian rupee INR=IN dropped 0.1% versus the U.S. dollar to 89.9675, weighed by routine dollar demand from corporates, while thin volume trade limited moves, according to traders. INR/
GOVERNMENT BONDS:
The benchmark 10-year bond IN064835G=CC was quoted at 99.1275 rupees, with the yield down up more than 1 bp at 6.6008%, bogged down by supply concerns ahead of Friday's debt sale and expectations of a sizable state borrowing calendar for the January–March quarter. IN/
OVERNIGHT INDEX SWAPS:
The one-year overnight index swap rate INR1YMIBROIS=CC was flat at 5.4550%, while the five-year swap rate INR5YMIBROIS=CC was up 1 bp at 5.93%.
CALL MONEY:
India's overnight call money rate INROND= was at 5.25% and the overnight TREPS rate INTREPTOT=TCCL was at 5.24%.
(Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)
((khushi.malhotra@thomsonreuters.com))