GLOBAL MARKETS ROUNDUP
Asian shares got the week off to a strong start and U.S. stock futures and the euro firmed on Monday, after Greece scrambled to avert defaulting on its debt with last minute proposals aimed at appeasing its creditors.
The S&P BSE Sensex surged over 250 points in intraday trade.The 50-share Nifty index also rallied by over 75 points to reclaims its crucial psychological level of 8,300, a first since June 2.
LOCAL MARKETS PREVIOUS CLOSE
• BSE index 27,316.17 (up 0.74 pct)
• NSE index 8,224.95 (up 0.62 pct)
• Rupee 63.55/56 per dollar (63.73/74)
• 10-year bond yield 7.71 pct (7.76 pct)
• 5-year OIS rate 7.18 pct (7.21 pct)
• 1-year OIS rate 7.52 pct (7.53 pct)
• Call money 7.25-7.30 pct (6.25-6.30 pct)
Khatain Chemicals and Fertilizers Ltd plunged 10% in intraday trade. Shares of Shardha Projects, the promoter of Khaitan Chemicals and Fertilizers Ltd (KCFL), has pledged 2.8 crore shares, equivalent to 29.18 per cent stake, of the fertiliser firm.
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