Aptech Earmarks $25 M For Europe, Us Acquisitions
NSE REPORT
The wholesale debt market segment of the National Stock Exchange (NSE) witnessed trades worth Rs 645.10 crore. Although an average level of volume was recorded, dealers felt the market sentiment was subdued.
According to a dealer, the reason for inaction was the absence of any mobilising factor, positive or negative. The market has already discounted the uncertainty over Kargil and is unlikely to waver unless something definite happens on this front.
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The three-day fixed rate repo at six per cent did not receive any bids yesterday. Short-term securities saw some activity as the 11.68 per cent government loan maturing in 2002 was traded for Rs 60 crore at a weighted yield of 11.02 per cent, while the 11.75 per cent 2001 witnessed trades worth Rs 35 crore at a weighted yield of 10.36 per cent.
In the medium-term, Punjab National Bank continued selling and reportedly the State Bank of India was buying the 11.98 per cent and the 11.50 per cent government securities maturing in 2004.
The former was traded for Rs 64 crore at a weighted yield of 11.28 per cent, while the latter witnessed trades worth Rs 35 crore at a weighted yield of 11.27 per cent.