11.55% Gilt Dealt For Rs 13 Crore

NSE REPORT

The wholesale debt market at the National Stock Exchange (NSE) witnessed dull trading during the day with only 34 trades being reported accounting for a volume of Rs 215.37crore. Dealers said there was not much buying interest among banks and thus security prices remained range-bound.

The two repo deals were done for a term of 14 days and at the rate of 14.90 per cent and 15 per cent. The day saw four trades worth Rs 27 crore being traded in the commercial paper segment. The certificate of deposits (CDs) segment saw only one trade for Rs 3 crore. The CD of IFCI maturing on April 19, 1999, was traded at a yield of 13.10 per cent.

The treasury bill segment saw four trades accounting for a volume of Rs 40.61 crore. The 364-day treasury bill maturing on October 9 saw two trades for Rs 30 crore at a weighted average yield of 11 per cent. The paper was traded at Rs 98.66. The 11.55 per cent government loan maturing in 2001 was traded for Rs 13 crore at a weighted average yield of 11.63 per cent. The paper was traded for a low of Rs 99.66 and a high of Rs 99.70.