Trades Come Down To Rs 270.47 Cr

NSE REPORT

The wholesale debt Market at the National Stock Exchange (NSE) clocked trades worth Rs 270.47 crore yesterday. Of this, the corporate segment accounted to trades worth Rs 364.65 lakh. There continues a strong demand for the short-term government stock, probably because there is a speculation on the interest rate movement and also uncertainty about the credit offtake. Thus no banks is willing to take long-term view over the interest rates, said a NSE broker.

The 364-day treasury bill maturing on July 1998 was traded for Rs 40 crore at a weighted yield of 8.29 per cent. The paper was traded in the Rs 93.02-93.09 band for the day and three trades were reported for it at the bourse screen.

 

The 13.50 per cent government loan maturing in 1998 witnessed four trades for Rs 20 crore at a weighted yield of 8.28 per cent. Trading on this paper touched a high of Rs 103.07 and closed a lower level of Rs 103.

The 12.14 gilt maturing in 2000 was traded for Rs 20 crore at a weighted yield of 10.77 per cent. The 11.15 per cent paper was treaded for Rs 10 crore at a weighted yield of 11.14 per cent and was traded for Rs 100.05 during the day.

The nine per cent tax-free Hudco bonds maturing in 2001 were traded for Rs 5 crore at a weighted yield of 9.47 per cent.