Trading Volumes Rise To Rs 187.5 Cr, Gilt Prices Up

NSE REPORT

Debt market trading picked up yesterday as call rates eased to 1.50 per cent. The wholesale debt market witnessed deals for Rs 187.52 crore. Securities prices climbed with the inflow of rupees into the system due to the redemption of the India Development Bonds.

The other highlight of the day was a repo deal in the 13.55-per cent central government maturing in 2001 at the rate of 4 per cent. The security saw a deal of Rs 5 crore.

The 13.50-per cent central government maturing in 1998 saw trades to the tune of Rs 25 crore at 11.89 per cent. The price of this security was up 13 paise and deals were concluded at Rs 102.53. The 13.50-per cent gilt maturing in 1997 was traded for Rs 20 crore at 11.12 per cent. The deal which is to be settled after one day was concluded at Rs 102.55. The price of this security was quoting 12 paise higher.

The 13.40-per cent gilt maturing in 1999 saw a Rs 13-crore deal struck at 13.21 per cent. The price of this security jumped 5 paise. Another trade for Rs 10 crore deal was struck at 13.18 per cent. This deal is to be settled after one day.

The other medium and long-term securities to be traded included the 13.55-per cent gilt maturing in 2001 and the 13.85-per cent central paper maturing in 2006. The 14-per cent gilt maturing in 2005 also saw attracted a few deals.