12.14% Govt Loan Draws Rs 50 Crore

NSE REPORT

The securities market at the National Stock Exchange (NSE) saw good buying interest early in the day.

However, prices reacted in the afternoon, dipping to the closing levels of Wednesday.

Call money rates opened at nine per cent yesterday with stray transactions taking place at 10.25 per cent.

Most of the transactions took place in the range of six to 6.5 per cent.

The call rates closed around six per cent at the end of the day.

The securities market saw some selling pressure in the later part yesterday with most of the deals taking place in the gilts having medium and short maturities.

 

The 12.14 per cent government loan maturing in 2000 was dealt for Rs 50 crore at 11.83 per cent yield, while the 13.5 per cent government loan maturing this year was traded for Rs 20 crore at 7.79 per cent yield.

In the treasury bills segment, the 364-day treasury bills maturing on April 24, 1998, were dealt for Rs 10 crore at nine per cent yield.

Corporate debentures were traded for Rs 1.58 crore. Of this the 18 per cent issue of Spic changed hands for Rs 1.03 crore at 17.87 per cent yield.