T-Bills Clock Trades Worth Rs 14 Crore

NSE REPORT

The wholesale debt market at the National Stock Exchange witnessed thin trades while prices of government securities fell yesterday.

The WDM clocked a trading volume of Rs 190.31 crore of which the treasury bills segment accounted for trades worth Rs 14 crore.

Active trading was witnessed in the corporate debentures segment which clocked 568 trades and accounted for a turnover of Rs 16.50 crore.

The yield of securities rose on account of selling pressure from traders followed by RBI's decision to suck liquidity from the market by postponing the cut in the cash reserve ratio. "Besides this, as the call money rates ruled in the region of six to seven per cent, the traders kept away from the gilts market," said a broker at the NSE.

The 10.85 per cent government loan maturing in 2001 was in demand showing a trade volume of Rs 40 crore and was traded at the weighted yield of 10.09 per cent.

The 12.59 per cent government loan maturing on 2004 was traded for Rs 25 crore at the weighted yield of 10.76 per cent. The paper was traded at the high of Rs 108.48 and closed low of Rs 108.35.

Trading interest was witnessed for public sector bonds such as IFCI, PSEB, Hudco and so on.