MUMBAI, June 12 (Reuters) -

STOCKS:

The benchmark BSE Sensex rose 149.98 points, or 0.2%,

to 76,606.57, while the broader NSE index gained 58.1

points, or 0.25%, to 23,322.95, driven by a surge in state-owned

companies on hopes of policy continuity, while investors awaited

key inflation readings and the U.S. Federal Reserve's rate

decision.

RUPEE:

The Indian rupee strengthened 0.03% to 83.58 per U.S.

dollar after the Reserve Bank of India's stern defence of the

currency spurred dollar sales towards the end of the session.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 100.60

rupees, with the yield little changed at 7.0121%, before key

U.S. and Indian inflation data and Federal Reserve's policy

decision.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was

unchanged at 6.76%, while the benchmark five-year swap rate

rose 4 bps to 6.37%.

CALL MONEY/REPOS:

India's overnight call money rate was unchanged at

6.50%. The overnight TREPS rate was at 6.45%,

compared with the previous day's weighted average of 6.4468%.

(Reporting by Bhakti Tambe)