NSE REPORT
The Wholesale Debt Market (WDM) at the of National Stock Exchange witnessed trade worth Rs 139.83 crore yesterday .
The day was over shadowed by the Rs 2000 crore auction yesterday.
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But as expected, deals were clustered towards the short end of the market, with papers with maturities up to 2000 comprising almost 84 per cent of total trading volume.
Maximum trading occurred in zero coupon 2000 (series III), which was dealt at Rs 35 crore at a weighted yield of 11.36 per cent. It moved up five paise compared to last week's closing price. The 11 per cent 2002 loans traded for Rs 10 crore with a weighted yield of 11.69 per cent. With liquidity easy, the auction went though smoothly and there was no significant impact on secondary yields.
In the WDM, the IFCI CD maturing on October 3, 1998, was traded for Rs 11 crore yielding 9 per cent. The IDBI CD, maturing on October 6, 1998, dealt for Rs 10 crore, yielded 8.9 per cent. The repo market was down with total trade worth Rs 18 crore transacted at 9.10 per cent for 11 days.
In the debenture segment, trading totalled Rs 77.82 crore. This mainly was on account Rs 74.17 crore worth of trade in Reliance Petro zero coupon bonds which witnessed 354 trades. This instrument, maturing in 2001, was traded at an indicative yield of 17.42 per cent.