Traded Volume At Rs 254.85 Crore

NSE REPORT

The wholesale debt market at the National Stock Exchange witnessed a trading volume of Rs 254.85 crore yesterday of which the treasury bill segment contributed a volume of Rs 31 crore.

Traders said that, following the new price list issued by the RBI on Saturday, prices of the securities fell by nearly 10 paise across the board.

A repo deal worth Rs 10 crore was concluded for the 91-day treasury bill maturing on August 8, 1998. The deal was done for a term of 10 days and at the rate of 7 per cent.

The commercial paper of Asian Paints maturing on Aug 4, 1998 was traded for Rs 5 crore at a yield of 9 per cent.

The 11.55 per cent government loan maturing in 2001 saw nine trades for Rs 105 crore and was traded at the weighted average yield of 11.50 per cent. The paper was traded at a low of Rs 100.03 and a high of Rs 100.07.

The 14-day treasury bill maturing on July 11 was traded for Rs 21 crore at the weighted average yield of 5.4 per cent. IFCI bonds maturing in 2001 and 2002, offering a coupon of 16.25 per cent and 16 per cent respectively, were traded for Rs 6 crore. The 16.25 per cent IFCI bond was traded at the yield of 12.51 per cent and the 16 per cent bond was traded for 14.25 per cent.