NSE REPORT
The whoelsale debt market saw moderate tradingyesterday as most banks stayed away from trading on account of profit taking. Banks which had taken up positions ahead of the Cash Reserve Ratio (CRR) cut are busy booking profits, which is why the market is witnessing activity to a lesser degree.
The market saw deals to the tune of Rs 203.22 crore down from Rs 219.33 crore. Both long and short term securities were actively traded.State Government loans also found takers.
The market had been expecting a round of borrowing and an announcement of a Rs 1609 crore state loan was made yesterday. The issue which is slated for January 20 is the third state loan issue in the current financial year.
The certificate of deposit of ICICI maturing in March 1997 was traded for Rs 10 crore at 10.80 per cent yields.
The 91-day and the 364 day treasury bills also saw some active trading. The 364-day treasury bill maturing in on January 2, 1998 saw a Rs 10 crore deal struck at Rs 90.80.
The 91 day treasury maturing on April 5 was traded for Rs 10 crore 8.15 per cent yields. The 14 per cent central government maturing in 2005 saw an odd quantum deal for Rs 3.29 crore. The transaction which is to be settled after two days was traded at 13.50 per cent yields.
