Volumes At Rs 158.57 Cr, Gilt Prices Fluctuate

NSE REPORT

The prices of securities witnessed fluctuations yesterday even as call rates ruled in the range of 4 to 4.50 per cent.

According to dealers, prices of short and medium-term securities fell by 10 paise and then rose again towards the end of the day.

The first 3-day repo auction held yesterday saw a cut-off yield of 5.25 per cent with a total of Rs 535 crore being accepted. Money market dealers expect the call rates to tighten slightly on account of this repo.

The market saw deals to the tune of Rs 158.57 crore, with the 13.50 per cent central government security maturing in 1997 dominating the days trading. The security saw deals to the tune of Rs 40 crore struck at 11.36 per cent. The transactions are to be settled the same day. A Rs 10-crore deal was struck in the same security at 11.43 per cent. The deal is to be settled after one day.

The 13.40 per cent central government security maturing in 1999 saw deals worth Rs 10 crore struck at Rs 100.70. The 364-day treasury bills also saw some hectic trading, while the 91-day treasury bills saw marginal deals .

Among the long-term securities which were actively traded was the 14 per cent central government security maturing in 2005, the 13.85 per cent central government security maturing in 2006 and the 11.50 per cent gilt maturing in 2006.