NSE REPORT
The wholesale debt market at the National Stock Exchange (NSE) clocked a volume of Rs 353.04 crore yesterday as against the previous days volume of Rs 666.75 crore. Papers having short-term maturity were in high demand and were traded actively, said a NSE broker. There was an overall buying interest in the market since the inter-bank call rates had eased down to a level of three to five per cent, added the broker. The inter-bank rates opened in the range of 4.5-4.75 and closed at around 4 per cent.
The corporate debenture segment accounted for trades worth Rs 66.70 lakh as against the previous days volume of Rs 2497.30 lakh. The corporate debenture segment witnessed 458 trades and the government securities reported 54 trades.
The 364-day treasury bills maturing on April 24, 1998, were in demand and accounted for trades worth Rs 55 crore. There were six trades reported for the paper at a weighted yield of 8.20 per cent. The paper moved in the Rs 95.02-95.03 band for the day. The 13.50 per cent gilt maturing in 2007 garnered Rs 25 crore at a weighted yield of 11.58 per cent. The nine per cent tax free bond of IRFC maturing in 2001 was traded at weighted yield of 9.62 per cent.