NSE REPORT
Trading in the debt market continued to be hectic yesterday though prices showed no major improvement.
Dealers said the market has been expecting an auction which was announced yesterday for Rs 3,500 crore to be held on November 11. Security prices would see an upward movement only after a clear direction was available after the auction, they said.
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The wholesale debt market of the National Stock Exchange saw a volume of Rs 1,272.6 crore on account of 203 trades.
The most traded paper was the 12.32 per cent 12-year gilt which was traded for Rs 205 crore at a weighted yield of 11.69 per cent. The price of the security jumped 8 paise from Rs 103.72 to Rs 103.80 after having touched an intra-day high of Rs 103.83.
In the short run segment, the 11.15 per cent 2002 government security was traded for Rs 70 crore at a weighted yield of 10.59 per cent. The security saw a price rise of 5 paise from Rs 101.29 to Rs 101.34. The 11.4 per cent 2000 gilt was traded for Rs 50 crore at a weighted yield of 10.34 per cent. The price of the paper climbed from Rs 100.89 to Rs 100.91.