MUMBAI, March 7 (Reuters) - STOCKS:

The benchmark BSE Sensex rose 33.4 points, or 0.05%, to

74,119.39, while the broader NSE index gained 25.35

points, or 0.11%, to 22,499.4, led by financials, while the U.S.

Federal Reserve Chair's rate cut assurance supported sentiment.

RUPEE:

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

dollar, and quoted at 82.78 per dollar after hitting its highest

level in six months earlier in the session, as likely

intervention from the central bank limited the currency's rise.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 101.03

rupees, with the yield down 3 bps at 7.0283%, 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 2

bps at 6.67%, while the benchmark five-year swap rate

fell 4 bps to 6.24%.

CALL MONEY/REPOS:

India's overnight call money rate was up 15 bps at

6.55%. The overnight TREPS rate was at 6.50%,

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

(Reporting by Bhakti Tambe)