NSE REPORT
The wholesale debt market segment of the National Stock Exchange witnessed moderate trading with the turnover touching Rs 145.28 crore.
On Saturday last, the gilt market recorded hectic trading as the first phase of the 0.5-percentage point Cash Reserve Ratio cut took effect on January 4. The spotlight yesterday returned to the long-term securities as provident funds began to pay a more active role.
The 13.40-per cent central government security maturing in 1999, a market favourite for quite some time, saw thin trading. The paper attracted a Rs 5-crore deal at a yield of 12.96 per cent. The trade is to be settled after one day.
The 13.62-per cent gilt maturing in 1998 had the distinction of drawing the highest turnover with cumulative deals to the tune of Rs 15 crore. The transaction, to be settled the same day, was concluded at 11.59 per cent. The 13.85-per cent central government security maturing in 2006 was traded for Rs 14 crore at a price of Rs 101.25. The deal, to be settled after one day, was struck at 13.63 per cent.
State government securities were also traded in large amounts. Notable among them were the UP state government security, the Punjab state government security and the Madhya Pradesh government papers.
