NSE REPORT
The wholesale debt market of the National Stock Exchange (NSE) yesterday clocked a traded volume of Rs 295.15 crore down from Rs 385.72 crore the previous day.
According to dealers, the credit policy has belied market expectations by not announcing cut in repo rate. There was some price-fall reversing the otherwise falling yields over the week. Dealer say dealers who have been building position bases on a repo rate cut over the past couple of days will be badly hit. However, with considerable liquidity in the market at present the impact will be more gradual, feel dealers.
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The 12 per cent government stock maturing in 1999 was traded for Rs 35 crore at a weighted yield of 10.48 per cent. The zero coupon government bond maturing in 2000 ( series III) was traded for Rs 30 crore at a weighted yield of 11.14 per cent, while the 12 per cent 1999 was dealt for Rs 35 crore at a weighted yield of 10.48 per cent. The 11.40% 2000 paper was traded for Rs 25 crore at a weighted yield of 11.39 per cent.
In the 364-day treasury bills, traded volume touched Rs 55 crore. The 364-day treasury bills maturing on October 22 was traded for Rs 15 crore at an yield of 10.68 per cent.