Government securities prices Wednesday came down by 30-40 paise from the morning peak levels amid lacklustre trading interest, which was overshadowed by the Supreme Court (SC) ruling on the Ayodhya imbroglio. The inter-bank call money market closed at the 6.45-6.60 per cent levels, unchanged from the previous close.
According to dealers, three issues - Ayodhya, tax outflows and year end considerations - were currently dominating the sentiment in the market. The benchmark 11.03 per cent 2012 government security opened at Rs 124.60 (yield at 7.56 per cent) and fell Rs 124.18 (7.61 per cent) even as the market took stock of the SC verdict and its ramifications. The other market favourite, 11.50 per cent 2011 paper opened at Rs 127 (7.52 per cent) and declined to Rs 126.65 (7.57 per cent).