Traded Volume At Rs 187.28 Crore

NSE REPORT

The wholesale debt market at the National Stock Exchange (NSE) remained subdued for yet another day, clocking a turnover of Rs 187.28 crore yesterday, while the inter-bank call money market ruled at a higher level for the day.

The rates opened in the range of 7.50 per cent to 8.50 per cent and climbed up to 9.50 per cent to 10 per cent by the end of the day. The market is witnessing a lull these days as there is not much of trading interest among bankers, said a broker at the NSE debt market.

There were repo deals accounted to Rs 15 crore during the day, while the corporate debenture segment accounted to trades worth Rs 54.81 lakh. Repo deals were concluded at 8 per cent in 13.65 per cent paper maturing in 1998 and 13.70 per cent security maturing in 1999 for the repo terms of three and fourteen days respectively.

The 13.50 institutional bond issued by IDBI maturing in 2002 was traded for Rs 20 at a weighted yield of 13.09 per cent. While the 13.50 per cent government loan maturing in 1998, too, was traded for Rs 20 crore at a weighted yield of 8.79 per cent. The 12.14 per cent gilt maturing in 2000 was traded for Rs 25 crore at a weighted yield of 10.93 per cent.

In the corporate debenture segment, the zero per cent Reliance Petro PPD and the Tisco SPN 1999 were in demand and accounted for trades worth Rs 30 crore and Rs 13 crore respectively.