Traded Volumes At Rs 504.24 Crore

NSE REPORT

The wholesale debt market of the National Stock Exchange (NSE) witnessed trades worth Rs 504.24 crore yesterday. The corporate debentures contributed Rs 46.28 lakh to the total volume. The inter-bank call rates moved in the 5.50-6.25 per cent band for the day.

Government securities segment witnessed hectic trading activities, said a dealer. There were as many as 92 trades reported in the government securities segment of the NSE, while 383 trades were reported in the corporate debenture segment.

The market, too, was very volatile as the prices of securities were moving high and low, said a dealer.

The 12.59 per cent government loan was in demand which accounted to 14 trades for the day at a weighted yield of 11.29 per cent. The paper touched the days high of Rs 106.35 and fell to a low of Rs 105.20. The paper recovered before closing at Rs 105.75.

The 11.19 per cent gilt maturing in 2005 was traded for Rs 45 crore at a weighted yield of 11.16 per cent. The paper was traded before par at Rs 99.95, but recovered to touch the days high of Rs 100.25. The 10.85 per cent security maturing in 2001 was traded for Rs 35 crore at a weighted yield of 10.81 per cent.

Dealers feel the NSE debt market is also expected to witness dull trading session for the next two days on account of the nation-wide bank strike.