Five-Year Gilt Fetches Rs 193 Crore

NSE REPORT

The debt section of the National Stock Exchange (NSE) yesterday saw deals worth Rs 406.19 crore. This compares well with the Rs 259.92 crore turnover recorded on Monday.

The call rates remained weak and moved in a narrow range during the day. Calls opened at 9 per cent level but came down to close at 8 per cent level.

"These call rates are likely to remain at this level in the next few days," said a dealer with a private sector bank.

In the securities segment, the 5-year 12.69 per cent government loan maturing in 2002 fetched Rs 193 crore with the highest interest rate of 12.62 per cent, while the 13.05 per cent 10-year government loan maturing in 2007 was changing hands for Rs 20 crore at 12.94 per cent. The 11 per cent government loan maturing in 2002 was traded for Rs 20 crore at 12.57 per cent.

There was some interest in the treasury bills section, which saw deals worth Rs 55 crore being struck in the 364-day segment.

The corporate debentures were exchanged for Rs 20.48 crore, sharply up from Rs 47.43 lakh on Monday. The 18 per cent Spic issue maturing 1998 saw hectic activity of Rs 19.61 crore offering a 16.5 per cent yield.