Traded Volumes At Rs 323.58 Crore

NSE REPORT

The wholesale debt market of the National Stock Exchange clocked a volume of Rs 323.58 crore yesterday. Of this, the corporate debentures accounted for trade worth Rs 51. 60 lakh. The prices of the government securities market crashed on Monday as some foreign banks were selling heavily. This, in turn, created panic in the market, said a dealer.

The debt market witnessed volatility as the prices of 12.59 per cent government loan maturing in 2004 oscillated from the days high of Rs 106 to a low of Rs 103.70. The paper was in demand and witnessed trade worth Rs 74 crore taking place at WDM at a weighted yield of 11.64 per cent. Similarly, the 11. 75 per cent government loan maturing in 2001 moved from the days high of Rs 102 to a low of Rs 100.85. The paper witnessed two trades worth Rs 15 crore at a weighted yield of 11.22 per cent.

The 13.82 per cent government loan maturing in 2002, too, was in demand and accounted for trade worth Rs 40 crore at a weighted yield of 11.56 per cent.

The paper touched the days high of Rs 108.50 and a low of Rs 108.10. The 364-days treasury bill maturing on April 24, 1998 was traded for Rs 25 crore at a weighted yield of 8.35 per cent.