13.40 Per Cent Paper Draws Rs 35 Crore

NSE REPORT

The wholesale debt market of the National Stock Exchange witnessed trades worth Rs 201.29 crore yesterday. This was considerably lower than the previous days volumes amounting to Rs 301.04 crore.

There was significant selling pressure with many participants getting out of their punting positions, said a money market dealer. According to brokers, the call rates remained in the range of 2.53 per cent.

A private bank broker however said that the call rates are expected to open today in the region of 5-5.5 per cent. This was due to the Reserve Bank of Indias repos auction held yesterday which has mopped up over Rs 3,000 crore from the system.

The 13.40 per cent 1999 government loan was traded for Rs 35 crore at 12.71 per cent, while the 13.50 per cent 1997 government loan saw trades worth Rs 20 crore at 9.88 per cent.

Other securities that were actively traded included the 2000 government zero coupon bond and the 17.25 per cent NPC 2004 taxable bond. The 14 per cent Reliance 2000 and the zero per cent Reliance Petro 2001 were traded for Rs 14.23 crore and Rs 2.76 crore respectively.