NSE REPORT
The wholesale debt market witnessed active trading with volumes touching Rs 419.80 crore. Of this the treasury bills segment clocked a Rs 85.5 crore volume. There were two repo deals amounting to Rs 55 crore concluded for 14 days at interest rates ranging between 11.25 per cent and 13 per cent. The corporate debenture segment saw 344 trades and a volume of Rs 43.74 lakh.
"The active trading was on account of low call money rates and large inflow into the system on coupon redemption," said a trader. "Dated securities maturing at the shorter end and treasury bills were in demand," he added.
The 364-day treasury bill maturing on April 24, 1998, was traded for Rs 45 crore at a weighted average yield of 11.03 per cent. The 13.70 per cent gilt maturing in 1999 was traded for Rs 35 crore at a weighted yield of 11.63 per cent. A bulk deal of Rs 25 crore was concluded for the 11 per cent gilts maturing in 2002 at the yield of 11.76 per cent. Two repo deals of Rs 50 crore were concluded for the 12.59 per cent government loan maturing in 2004 at the rate of 12.75 and 13 per cent.