10.85% Gilt Mops Up Rs 165 Crore

NSE REPORT

The wholesale debt market segment of the National Stock Exchange (NSE) clocked a higher turnover of Rs 632.82 crore yesterday as against Mondays Rs 598.47-crore.

Of this, trade worth Rs 690.43 lakh accounted to corporate debentures. In government securities, a total of 96 trades were recorded at the NSE, while trades in corporate debenture totalled 922.

The inter-bank call rates moved in the 4.75-5.50 per cent band and closed lower at 4.50 per cent. The market was volatile on account of the eight-year paper auction announced by the Reserve Bank of India (RBI), said a dealer. There was hectic activity during early hours of the day. However, by noon the market calmed down and again picked up during the late trading hours, they added.

Among government securities, the 10.85 per cent gilt maturing in 2001 was traded actively for Rs 165 crore at a weighted yield of 10.60 per cent. The 12.59 per cent paper maturing in 2004 was traded for Rs 135 crore at a weighted yield of 11.29 per cent. In corporate debentures, the 14.20 per cent IPCL taxable bond maturing in 2004 was traded at 13.30 per cent.