Sentiment: Bullish
Market witnessed profit booking by banks and PDs, which had piled up stocks of government securities in the last few weeks. G-sec prices in medium-term papers fell by 25-30 paise, while short- and long-tenure papers came off by almost 15 paise. Yield on 10-year paper closed at 7.40 per cent. Call rates moved around 6.05/6.15 per cent, while the RBI absorbed around Rs 12,000 from the market. The cutoff yield on 91-day t-bill rose by 4 basis points to 6.68 per cent while the yield for 182-day t-bill came down by 4 basis points to 6.88 per cent. |
