Repos Deals Volume At Rs 154.87 Crore

NSE REPORT

Volatile movement in government securities was witnessed at the wholesale debt market (WDM) at the National Stock Exchange (NSE) as the call money rates ruled at a higher level during the day.

The prices of gilts fell during the early trading hours as there was lot of panic among the players. However, it recovered significantly as the call money rated moved down.

The WDM closed volume of Rs 331.85 crore of which trade worth Rs 25 crore was done for the treasury bills segment. The corporate debenture clocked volume of Rs 5.52 crore yesterday with 313 trades being reported at the screen.

There were five repos deals done for a term of 14 days aggregating to a volume of Rs 154.87 crore. The 12.5 per cent government loan maturing in 2004 was in demand showing a traded volume of Rs 50 crore.

The paper was traded at the weighted average yield of 11.33 per cent, at the low of Rs 105. And closed at the high of Rs 105.50.

The 13.82 per cent government loan maturing in 2002, which was traded for Rs 10, showed volatile price movement during the day. The paper was traded at the weighted average yield of 10.80 per cent, at the low of Rs 110.10 and closed at Rs 111.75 per cent.