Rs 85-Crore Trades In 12.14% Gilt

NSE REPORT

The Wholesale Debt Market at the National Stock Exchange has clocked a trading volume of Rs 366.30 crore of which repo trades worth Rs 75 crore were concluded. The corporate debenture segment witnessed 368 trades with volumes worth Rs 331.67 lakh reported at NSE screen.

With the call money rates moving at higher level of 8 to 10 per cent, there was no attraction for treasury bills during the day, said a broker at the NSE. The debt market is witnessing the impact of volatility in forex market and hike in the repo rate by 50 basis point to 7 per cent, he added.

The 12.14 per cent government loan maturing 2005 was in demand showing 17 trades and a volume of Rs 85 crore. The paper was traded at the weighted yield of 10.75 per cent, at the low of 102.78 and closed at the high of Rs 103.10.

The repo trade worth Rs 25 crore for a term of nine days was concluded for 13.70 per cent, government loan maturing in 1999 at the rate of 8 per cent. Another repo deal worth Rs 25 crore for term of 5 days was done for 12 per cent government loan maturing in 1999 was done at 8 per cent. The 12.5 per cent government loan maturing in 2004 was traded for Rs 40 crore at the weighted average yield of 11.10 per cent.