NSE REPORT
The wholesale debt market segment of the National Stock Exchange remained lacklustre yesterday with the market witnessing trades of only Rs 61.05 crore.
The 13.50 per cent 1998 government stock was traded for Rs 10 crore at 11.69 per cent, while the 12 per cent 1999 government stock was transacted for Rs 15 crore at 12.66 per cent. The 364-day treasury-bill maturing on July 18, 1997 was traded at 9.55 per cent, while the 13.65 per cent 2007 government loan was dealt at 13.60 per cent.
The market remained bearish today with sellers not keen to sell at low levels. Due to tremendous selling pressure, prices of many securities came down, said the treasury head of a private bank. Nobody is willing to take fresh positions, said another dealer.
The inter-bank call rate opened in the range of 5-5.75 per cent and closed at lower levels of 3.75-4.25 per cent. There is uncertainty in the call market on account of the advance tax outflows that will take place after the 15th of this month, said another dealer. The call rates are expected to be higher on Saturday. Corporate debentures were traded for Rs 19.46 lakh on the exchange with the Tisco SPN 1999 trading for Rs 5.78 lakh.
