11.75% Paper Fetches Rs 60 Crore

NSE REPORT

The wholesale debt market segment of the National Stock Exchange witnessed transactions worth Rs 434.50 crore yesterday with the 11.75 per cent 2001 government stock trading for Rs 60 crore at an indicative yield of 12.03 per cent.

The traded volumes on Tuesday stood at Rs 491.44 crore.

The zero coupon 2000 government bond (third issue) was transacted at an indicative yield of 11.38 per cent.

The 364-day treasury bill maturing on April 10, 1998, was traded at Rs 80 crore at an indicative yield of 8.68 per cent. The 9 per cent tax-free bond of Indian Railway Finance Corporationmaturing in 2001 was traded at 13.36 per cent.

Dealers expect the debt market to remain bullish in the days to come.

Call rates will continue to rule easy though a lot of money is expected to be mopped up at the repos auction on April 21, said a dealer with a nationalised bank.

Corporate debentures were traded for a total volumes of Rs 56.06 lakh. The 15 per cent Ranbaxy 2001 was the most actively traded debenture yesterday at Rs 25 lakh.

Meanwhile, the call rates continued to rule at lower levels, moving in the range of 0.10 per cent to 0.40 per cent.