NSE REPORT
The wholesale debt market at the National Stock Exchange witnessed dull trade yesterday, accounting for 25 trades and a volume of Rs 141.09 crore.
"A strong trading interest is seen only when there is some signal from the apex bank on the direction on which the interest rates are headed," said a broker. "At present, no one is willing to take a view and this has slowed down trading activity," he added.
The zero per cent government loan maturing in 1999 was the most actively traded security showing four trades and a volume of Rs 50 crore. The paper was traded at the weighted average yield of 10.60 per cent and at the price ranging from 96.52 and Rs 96.53.
The commercial paper segment saw two trades for Rs 10 crore, while the treasury bill segment saw three trades for Rs 26.50 crore. In the odd lot segment, the day saw five trades in the 14 per cent government loan maturing in 2005 accounting for a volume of Rs 0.24 crore. The paper was traded at a weighted average yield of 12%, for a low of Rs 108.25 and closed at a high of Rs 109.75.
A bulk deal worth Rs 25 crore was done for the 16% IFCI bonds maturing in 2002. The paper was traded at a yield of 13.91% and at Rs 104.89.
