NSE REPORT
The wholesale debt market segment of the National Stock Exchange witnessed moderate trading with deals worth Rs 169 crore being struck yesterday. This was against the background of the call rates which opened at 5.25 per cent but dropped to 3 per cent at the end of the day.
Hectic trading was witnessed in the short-term 13.25- per cent central government security maturing in 1997. It was traded for Rs 30 crore at a yield of 11.54 per cent. A deal for Rs 10 crore was struck at 11.33 per cent, while another trade for Rs 20 crore was struck in the same security at 11.54 per cent. The transaction is to be settled the same day. The other short-dated papers to be actively traded included the 364-day treasury bill maturing on October 10. Cumulative deals to the tune of Rs 30 crore were struck at a price of Rs 92.97. The transaction, to be settled the same day, saw a weighted yield of 10.25 per cent. A Rs 10-crore deal was also struck in the 364- day treasury bill maturing on December 19. The deal was clinched at 10.10 per cent.Long-term securities were picked up by provident funds. The state government securities, notably those of West Bengal and Rajasthan, were dealt to the tune of Rs 9 lakh and Rs 8 lakh respectively. Other long-term securities being traded were the 11.75-per cent gilt maturing in 2001.