NSE REPORT
The wholesale debt market of the National Stock Exchange (NSE) remained subdued with trades worth Rs 216.48 crore been reported yesterday. Of this, the volume for corporate debentures accounted to Rs 43.02 lakh. The inter-bank call rates remained in the range of 8.50 per cent to 9.25 per cent for the day.
There were not many players in the market yesterday which resulted into a dull trading session. Besides, the market has saturated, said a dealer.
There is also an anticipation that the Reserve Bank of India (RBI) will soon announce the second tranche of state government loan coupled with a speculation that the interest rate would move up that has lead to a fall in government securities prices, added a dealer.
Only 27 trades were reported in the government securities segment, while 381 trades were recorded in the corporate segment yesterday.
The 12.59 per cent gilt maturing in 2004 traded for Rs 45 crore at a weighted yield of 11.10 per cent. A deal worth Rs 20 crore was transacted in the 13.75 per cent government loan maturing in 2001 at 10.69 per cent. The 13 per cent taxable bond of NTPC maturing in 1998 was traded at 9.93 per cent, while the floating rate bond of IDBI was traded at 13.21 per cent.
