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Rs 361.12cr Worth Trades Witnessed

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BSCAL
Last Updated : Aug 21 1997 | 12:00 AM IST

NSE REPORT

The wholesale debt market at the National Stock Exchange (NSE) witnessed trades worth Rs 361.12 crore yesterday. Of this, the corporate segment accounted for trades worth Rs 3,190.57 lakh.

The securities market was volatile on account of the rupee depreciating in the early morning session, said a dealer. The 12.59 per cent paper maturing in 2004 touched a low of Rs 106.35 and closed at Rs 106.70.

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There were 15 trades reported for the paper, the largest number of trades in the government securities market for the day. Trades worth Rs 85 crore were witnessed on this paper at a weighted yield of 11.16 per cent.

The general feeling in the market was that it is dangerous to hold on to rupee and thus there was lot of selling pressure for government securities to convert the money into dollar, said a dealer.

The 11.19 per cent per cent government loan maturing in 2005 was traded for Rs 40 crore at a weighted yield of 11.13 per cent. The nine-per cent taxable bonds of RECL maturing in 1999 was traded for Rs 5 crore at 9.54 per cent.

A total of 54 trades were reported in the government securities market and 458 trades were recorded in the corporate segment.

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First Published: Aug 21 1997 | 12:00 AM IST

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