12.59% Paper Traded For Rs 70 Crore

The wholesale debt market segment of the National Stock Exchange (NSE) registered a turnover of Rs 356.24 crore yesterday.

Of this, the volume in corporate debentures was only to the tune of 3.45 crore.

The inter-bank call money rates rate hovered around the range of four-five per cent during the day.

With an outflow of over Rs 4,000 crore in yesterday's repo auction the overnight rates are expected to inch upwards.

Among the government ao India dated securities, in keeping with the trend, the action was concentrated around the seven-year 12.59 per cent 2004 paper.

The quantum of trades in this security was Rs 70 crore at a weighted average yield of 12.44 per cent.

Other active securities were the 12.14 per cent 2000 which was traded at a yield of 11.28 per cent for Rs 45 crore.

There was some activity in the zero coupon 2000 which traded at around 11.16 per cent.

At the shorter end, 91-day treasury bills maturing in August this year were traded at an yield of 5.72 per cent.

The 364-day treasury bills maturing on June 2 next year were traded at 8.80 per cent.