12.69% Gilt Traded For Rs 25 Crore

NSE REPORT

The wholesale debt market (WDM) at the National Stock Exchange witnessed very dull trading session with only 29 trades being reported yesterday. Traders attribute the low volume of Rs 180.71 crore to the tight call money rates that ruled during the day. The treasury bill segment saw three trades contributing to a volume of Rs 18 crore.

"Most traders preferred to lend in the call money market which touched 8.75 per cent rather than trade in the securities market," said a dealer. The prices of the securities remained more a less stable, except for 12.69 per cent government loan, maturing in 2002, which saw a price movement of 20 paise. The paper was traded for Rs 25 crore at the weighted average yield of 11.65 per cent. It was traded for Rs 103.00, touched a high of Rs 103.20 and closed at Rs 103.15.

The zero per cent government loan, maturing in 1999, saw five trades and a volume of Rs 30 crore. The gilt was traded at the weighted average yield of 11.16 per cent. The 14 per cent bonds of Reliance Industries, maturing in 2000, was traded for Rs five crore at the yield of 13.5 per cent and at the price of Rs 53.40.

The 10.85 per cent government loan, maturing in 2001, was traded for Rs 10 crore at the yield of 11.48 per cent. It was traded for a low of 98.25 and high of Rs 98.40.