Long gilts gain 25-30p

Money market
Sentiment: Bullish

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• Strong buying pushed up prices in the long term by 25-30 paise.
• In the medium term, even though prices rose 20-25 paise, during the later part of the day, profit selling pushed yields up.
• The 10-year benchmark paper 7.37 per cent 2013 dipped to 5.10 per cent but closed around 5.13 per cent.
• Call rates remained sub-4.50 per cent levels and repo subscriptions for one-day period touched around Rs 43,000 cr.
• Although the market remained open, deals were done for settlement on April 2.