NSE REPORT
Debt market turnover zoomed to Rs 374.19 crore yesterday. This was against Rs 243.80 crore on Tuesday.
With banks picking up securities in a big way, prices of most papers increased. The spurt in turnover occurred even as call rates hovered between 3.50 per cent and 4 per cent.
The 13.65-per cent gilt maturing in 1999 was traded for Rs 35 crore at a yield of 12.68 per cent.
During the course of trading, the price of the zero-coupon 1999 paper moved up from Rs 78.10/20 to Rs 78.27/28.
According to I-Sec, at a price of Rs 78.15, the zero-coupon security maturing in 1999 was an excellent buy. The 13.55-per cent 2001 paper also figured in the list of heavily traded securities.
In the morning, trades were conducted at Rs 101.05. The prices, however, went up to Rs 101.12 by noon.
The cut-off rate at the repo auction held by the Reserve Bank of India was pegged at 5 per cent. Dealers said outflows towards the repo auction could be to the tune of Rs 2,985 crore.
The 12-per cent gilt maturing in 1999 was traded for Rs 30 crore at 12.83 per cent (weighted).
The treasury bills maturing on January 10 were dealt for Rs 30 crore at 10.06 per cent.
