11% Gilt Traded For Rs 90 Crore

NSE REPORT

The wholesale debt market (WDM) at the National Stock Exchange (NSE) witnessed a trading volume of Rs 267.82 crore to which the treasury bills segment contributed Rs 95.95 crore. Two repo deals aggregating to Rs 20 crore was concluded for 12 days for the 13.85 per cent gilts maturing in 2000 at the rate of 10.30 per cent and 10.55 per cent.

The day was better than the last two days for there was buying interest among traders on account of low call money rate, commented a broker at the NSE. The 364-day treasury bill maturing on April 24 was traded for Rs 65 crore at a weighted yield of 12.37 per cent, at a low of Rs 98.09 and closed at a high of Rs 98.24. The 11 per cent government loan maturing in 2002 was traded for Rs 90 crore and was traded at a weighted average yield of 12.37 per cent. The 12 per cent gilt maturing in 1999 was traded for Rs 35 crore, at a weighted yield of 11.92 per cent, at the low of Rs 99.95 and closed at a high of Rs 100.05.

In the odd lot segment, the 14 per cent gilts maturing in 2005 was in demand and contributed a volume of Rs 34 lakh and traded at a weighted average yield of 12.22 per cent. The paper was traded for a low of Rs 107.75 and a high of Rs 108.75 before closing at Rs 108.50.