12.14% Govt Loan Dealt For Rs 100 Crore

NSE REPORT

Security prices recovered slightly despite a marginally higher call rate prevalent yesterday. The wholesale debt market at the National Stock Exchange (NSE) witnessed trading worth Rs 357.78 crore.

The calls witnessed a see-saw with the rates opening higher only to come down during the day and shooting up later. Overnight money was available initially at 8-8.25 per cent which came down to even 6.5-7 per cent levels before climbing to 8.5 per cent at close.

The interest was in the securities in short and medium maturities. Among the securities which saw active trading were the 12.14 per cent government loan maturing in 2000 dealt for Rs 100 crore at 11.84 per cent yield and the 12.69 per cent government loan maturing in 2002 drawing interest of Rs 40 crore at 12.31 per cent yield. The security prices saw increase of moderate amounts after the decline on Tuesday and have appreciated moderately yesterday, said a money market dealer . Treasury bill market was quiet with deals worth Rs 21 crore being done. The April issue of the 364-day treasury bills were dealt for Rs 5 crore at 8.9 per cent yield.

 

Corporate debentures were active yesterday with deals for Rs 15.43 crore taking place yesterday and the 15.5 per cent debentures of Reliance Capital got exchanged for Rs 15.03 crore at 15.6 per cent yields.