Market Report

Money market

Sentiment: Bullish

Yields on gilts and corporate bonds came off by 5-10 basis points on the back of easy liquidity and aggressive buying by a large state-owned bank.

In absolute terms prices of medium and long dated gilts rose by about 60 paise and one rupee, respectively.

Call money closed easy at 4.75-5.00 per cent even as the RBI accepted 80 per cent (Rs 21,324 crore) of repo bids aggregating Rs 26,655 crore at the one-day repo auction.