NSE REPORT
The wholesale debt market of the National Stock Exchange (NSE) witnessed volumes worth Rs 213.01 crore yesterday.
Call rates displayed volatility on account of the state government loan subscriptions. Calls opened at 0.75 per cent and closed at about 4.50 per cent with stray deals reported at 5 per cent yesterday.
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The call rate trends are going to be decided on May 2 when the RBI is expected to announce its stand on oversubscription amount, said a money market dealer.
The securities market was quite dull and witnessed activity in 13.5 per cent government loan maturing 1997 traded for Rs 45 crore at 8.8 per cent.
The other security in the limelight was the 13.70 per cent government loan maturing 1999 traded for Rs 15 crore at 11.19 per cent .
Treasury bills witnessed subdued activity and trading took place in the 364-day treasury bill maturing in January 1998 for Rs 10 crore at 8.75 per cent.
Corporate debentures were traded for Rs 5.66 crore of which a single deal of 12 per cent Gujrat Alkalies 2002 issue was traded for Rs 5.12 crore at 16.02 per cent. The KRCL promissory note maturing in July 1997 was traded for Rs 10 crore at 9 per cent.