NSE REPORT
The wholesale debt market segment of the National Stock Exchange (NSE) witnessed trades worth Rs 197.81 crore yesterday.
Trading was quite dull and the last weeks trade volumes, which were in excess of Rs 3,000 crore, may not be maintained.
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The most actively traded security during the day was the 13.85 per cent 2001 government loan which was transacted for Rs 35 crore at 12.32 per cent, and the recently issued 13.05 per cent central government loan, which was dealt at 12.93 per cent for Rs 35 crore.
The inter bank call money rates opened in the range of 5 per cent, went to a high of 9 per cent with stray deals reported at 9.75 per cent and closed at 8 per cent level yesterday.
The delay in the announcement of the oversubscription has resulted in this situation, said a dealer.
The promissory note of GE Capital maturing this month was traded for Rs 3 crore at 7 per cent. The 16 per cent taxable bonds of SAIL maturing in 2002 were transacted for Rs 5 crore at 14.52 per cent.
Corporate debentures were dealt for Rs 14.27 lakh of which Tisco SPN maturing in 1999 was traded for Rs 4.12 lakh.
The 16 per cent MRPL debentures maturing 2002 traded for Rs 2.87 lakh.