MUMBAI, March 7 (Reuters) -

STOCKS:

The benchmark BSE Sensex rose 76.19 points, or 0.1%, to

74,162.18, while the broader NSE index gained 22.4

points, or 0.10%, to 22,496.45, as the U.S. Federal Reserve

Chair's rate cut assurance triggered a rally in Asian markets.

RUPEE:

The Indian rupee strengthened 0.04% versus the U.S.

dollar, and quoted at 82.80 per dollar, aided by dollar sales

from large foreign banks but likely intervention from the Indian

central bank eroded the local unit's early gains.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 101.00

rupees, with the yield down 2 bps at 7.0316%, tracking a fall in

U.S. yields, while traders now eye U.S. jobs data due on Friday.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was down 3

bps at 6.66%, while the benchmark five-year swap rate

fell 1 bp to 6.27%.

CALL MONEY/REPOS:

India's overnight call money rate was up 5 bps at

6.45%. The overnight TREPS rate was at 6.74%,

compared with the previous day's weighted average of 6.3534%.