Turnover Shoots Up To Massive Rs 530 Crore

NSE REPORT

Trading in the National Stock Exchange reached historic proportions with the wholesale debt market segment witnessing trading to the tune of Rs 530.70 crore. As usual, the short and the medium term securities stayed in the limelight with nationalised, private and foreign banks moving in to buy securities in a big way. The prices of securities went up as demand for securities went up.

The 13.50 per cent central government security maturing in 1997 saw the maximum number of deals with the turnover reaching Rs 165 crore struck at 10.56 per cent yields (weighted). Deals worth Rs 120 crore was traded at Rs 103 at 10.50 per cent yields. These deals are to be settled the same day. Further deals to the tune of Rs 45 crore were also struck at the same yields. These deals will be settled after one day.

The 13.50 per cent central government security maturing in 1998 saw deals worth Rs 10 crore struck at 11.54 per cent yields. These deals are to be settled after one day.

The 364 day treasury bill maturing on January 2, 1998 saw deals worth Rs 30 crore being struck at 9.85 per cent yields. These deals to be settled the same day, were concluded at Rs 91.61. The 91-day treasury bill maturing on April 26 saw deals worth Rs 40 crore struck at Rs 98.10. These deals are to be settled on the same day.