MUMBAI, July 1 (Reuters) -

STOCKS:

The benchmark BSE Sensex rose 443.46 points, or 0.56%,

to 79,476.19, while the broader NSE index gained 131.35

points, or 0.55%, to 24,141.95, driven by gains in IT stocks on

firming hopes of a U.S. interest rate cut in September.

RUPEE:

The Indian rupee weakened 0.06% to 83.43 per U.S.

dollar as broad-based interbank dollar demand pressured the

currency even as the greenback weakened.

GOVERNMENT BONDS:

The benchmark 10-year bond was quoted at 100.61

rupees, with the yield little changed at 7.0105%, tracking U.S.

yields.

OVERNIGHT INDEX SWAPS:

The one-year overnight index swap rate was up 1

bps at 6.79%, while the benchmark five-year swap rate

rose 2 bps to 6.42%.

CALL MONEY/REPOS:

India's overnight call money rate was up 50 bps at

6.50%. The overnight TREPS rate was at 6.29%,

compared with the previous day's weighted average of 6.7236%.

(Reporting by Bhakti Tambe)