13.65 Per Cent Paper Fetches Rs 25 Crore

NSE REPORT

The wholesale debt market of the National Stock Exchange witnessed trades worth Rs 138.88 crore yesterday.

This was against deals worth Rs 201.29 crore the previous day.

The inter-bank call money rates ruled around 6 per cent and touched the level of 6.75 per cent during the day.

There was a lot of selling pressure during the day since most brokers were trying to get out of the profit-booking positions they had taken earlier.

With a lot of funds stuck in repos, the call rates are expected to remain stiff, said a broker with a nationalised bank.

The 13.40 per cent 1999 government loan was traded for Rs 20 crore at 12.74 per cent, while the 13.65 per cent 1999 government loan was dealt for Rs 25 crore at 12.31 per cent.

The 10.50 per cent 1999 tax-free KRCL bond and the 364-day July 1997 treasury bill were traded at 12.54 per cent and 9.35 per cent respectively.

Corporate debentures were traded for Rs 14.66 crore with the 14 per cent Reliance 2000 debenture alone trading for 14.27 crore.

The zero per cent 2001 Reliance Petro traded for Rs 24.62 lakh.