11.75% Gilt Traded For Rs 210 Crore

NSE REPORT

The wholesale debt market (WDM) at the National Stock Exchange has witnessed active trading with most traders offloading securities in the market. The market saw 118 trades and a volume of Rs 746.94 crore.

The treasury bill segment contributed to three trades and a volume of Rs 8 crore. The market players were disappointed with the RBI not announcing any CRR cut, and were thus offloading stocks leading to crash in prices. Subsequently, the prices recovered as the RBI announced a cut in repos from seven to six per cent.

The 11.75 per cent government loan, maturing in 2006, saw 28 trades for Rs 210 crore at the weighted average yield of 11.61 per cent. The paper was traded for a low of Rs 100.20 and high of Rs 101.10. The 13.50 per cent government loan, maturing in 2007, saw 24 trades and was traded for Rs 150 crore. The paper was traded at the weighted average yield for 11.74 per cent for the low of Rs 106.52 and high of Rs 107.70 before closing at Rs 106.60.

The 11 per cent government loan, maturing in 2002, was traded for Rs 90 crore and saw 15 trades. The paper was traded at the weighted average yield of 10.75 per cent, and at the low of Rs 100.35 and high of Rs 100.99.