Corporate bonds are expected to track the rally in gilts, till government papers come under selling pressure. The corporate bond market had touched a daily turnover of Rs 500 crore on last Thursday as against an average daily turnover of Rs 200-250 crore.
The mostly traded securities, apart from the usual ones such as Unit Trust of India bonds and oil company bonds, were papers from the HDFC, Exim Bank, Power Finance Corporation (PFC) and Reliance.
Dealers said last week