NSE REPORT
The WDM at the NSE witnessed active trading following the RBI decision to reduce repo rates by 100 basis points to eight per cent.
Prices of gilts rose nearly 50 paise to a rupee as demand increased during the day. Brokers expect active trading today since the RBI had announced the cut in repo rates during the fag end of the trading session. WDM clocked 64 trades and accounted for a volume of Rs 337.14 crore of which the Tbills segment was traded for Rs 26.10 crore.
The 11-per cent gilts maturing in 2002 was in demand clocking 14 trades and a volume of Rs 68 crore. The paper was traded for a low of Rs 96.65, and touched a high of Rs 97.40, before closing at Rs 97.15.
The 14-per cent govt loan maturing in 2005B was traded for Rs 50 crore at the weighted average yield of 12.22 per cent. The paper was traded at a low of Rs 108 and closed at a high of Rs 109.
The zero-per cent gilts maturing in 2000B was traded for Rs 50 crore at the weighted average yield of 11.54 per cent. The paper was traded in the range of Rs 76.85 to Rs 77.19. A repo deal aggregating Rs 20 crore was done for 10 days at the rate of 11.50 per cent for 13.70 per cent gilts maturing in 2001.
