NSE REPORT
The wholesale debt market segment of the NSE clocked a 40 per cent drop in volumes to Rs 202.51 crore yesterday over the previous day. Dealers say that the rise in the volumes in the first two days of the week was on account of people punting on positive measures in the credit policy. However, the signal from the central bank that it may not contain any significant measures reflected in dull market sentiment.
In yesterday's trading, about Rs 110 crore came from dated securities. Zero coupons continued to be actively traded. The zero coupon 1999 was dealt for Rs 50 crore gaining four paise over the previous day, and giving a weighted yield of 10.20 per cent. Zero coupon 2000 (series II) was traded for Rs 15 crore gaining eight paise at a weighted yield of 11.44 per cent. And Zero coupon 2000 (series III) was dealt for Rs 20 crore at a yield of 11.43 per cent. There were deals for almost at par totalling Rs 15 crore in 11.40, 2000 paper. The 11.55, 2001 paper was dealt for Rs 15 crore at a weighted yield of 11.59 per cent. There were deals worth Rs 42.5 crore in 91-day treasury bills. Bills maturing on January 16 and January 23 were traded Rs 20 crore each at 10.01 and 10.05 per cent, respectively.