12.14% Govt Loan Dealt For Rs 40 Cr

NSE REPORT

The activity in the debt segment at the National Stock Exchange (NSE) was dull with most players preferring to adopt a wait and watch policy. The trading volume was placed at Rs 220.97 crore yesterday .

The call money rates ruled easy during the day and slid from the opening levels of three per cent to close at 1.5 per cent for the day . "The slide in rates indicate a very good position in liquidity in the system and tomorrow should see active trading in the 7-year paper " said a money market dealer .

The securities section saw dull trading at the NSE with the deals being centred around the 12.5 per cent government loan maturing 2004 on account of the seven-year government paper auction. The 12.5 per cent security maturing 2004 was dealt for Rs 13 crore at a yield of 12.51 per cent.

 

The 12.14 per cent government loan maturing in 2000 changed hands for Rs 40 crore at 11.83 per cent yield and the 13.05 per cent central government loans maturing in 2007 drew interest for Rs 25 crore at 12.76 per cent yield.

The treasury bills market was quiet with some activity reported in the 364-day treasury bills maturing in April '98 being dealt for Rs 10 crore at nine per cent yield .

The corporate debentures segment saw reduced interest at Rs 51.9 lakh yesterday.