NSE REPORT
The wholesale debt market segment of the National Stock Exchange once again notched up very high volumes as dealers continued to be bullish on gilts.
A total 240 trades were registered translating into a volume of Rs 1,500 crore. The total traded volume for the week has reached Rs 7,111.19 crore.
"Bullishness was evident early yesterday as lots of securities reached new highs. But later, selling pressure due to profit-booking resulted in the prices falling back to nearly their old levels. However, traders were extremely active throughout the day and bullishness is expected to continue," said a market dealer. Adequate liquidity in the market has seen banks
lap up securities and expressing willingness to take positions
even in the corporate bond
market.
Prices of corporate bonds have also been steadily rising raising hopes of a greater interest in this market in the near future.
The Reliance Petro zero coupon debenture closed at Rs 66.20 after reaching an intraday high of Rs 66.35. It was offering an indicative yield of 14.35 per cent yesterday.
The 11.98 per cent 2004 government stock was traded for Rs 195 crore at a weighted yield of 11.24 per cent.
