NSE REPORT
The debt segment of the National Stock Exchange (NSE) witnessed transactions worth Rs 284.05 crore.
The securities market saw selling pressure which resulted in a price decline. Interest was in the short-and medium-dated securities, said a money market dealer.
Among the securities which drew interest were the 13.50 per cent government loan maturing in 1997. This was dealt for Rs 40 crore at 9.32 per cent . The 364-day treasury bills saw activity of Rs 70 crore of which the bills maturing in January 1998 traded for Rs 45 crore at yield of 9.35 per cent.
The 13.55 per cent government loan maturing in 2001 changed hands for Rs 30 crore at 12.63 per cent yield . The 12.69 per cent 5-year paper saw deals for Rs 25 crore at 12.63 per cent yield.
Corporate debentures were traded for Rs 5.88 crore with most of the deals being done in the 14 per cent Reliance issue maturing in 2000. This paper drew business worth Rs 5.22 crore with 10 lakh debentures changing hands.
Call rates remained in the range of 7.25 per cent and 8 per cent for most of the day. They opened at 8 per cent and moved lower during the day to close at 7.25 per cent and 7.5 per cent levels .
