Trading Volumes Zoom To Rs 914.36 Crore
NSE REPORT
The volumes in the wholesale debt market segment of the National Stock Exchange (NSE) shot up to Rs 914.36 crore yesterday compared to Rs 147.04 crore the previous day.
Of this, the total trade in corporate debentures was Rs 527.42 lakh.
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Total traded value for the week stood at Rs 1419.09 crore.
Interest rates in the inter-bank overnight money market shot up to over eight per cent.
For the last one week the rates hovered around five per cent.
The rates went up on account of increased demand from the primary dealers.
Among the government papers, a lot of interest was expressed in the newly-issued Government of India loan, maturing in 2000 which was traded for Rs 615 crore, at 12.12 per cent, against the auction yield of 12.14 per cent.
A repo deal was concluded in 364-day treasury bill maturing on April 24, 1998 for Rs 64 crore at 7.5 per cent for a repo term of four days.
The 12.69 per cent government loan maturing in 2002 was traded for Rs 45 crore at 12.59 per cent.
The 13.65 per cent 1999 government loan was traded for Rs 24 crore at 7.5 per cent for repo term of four days.