NSE REPORT
Lower call rates on reporting Friday saw increased buying interest in the wholesale debt market at the National Stock Exchange (NSE).
The volume of trade was placed at Rs 463.39 crore.
Call rates ruled in the range of 0.25 per cent to 0.50 per cent during the day and are expected to be in the range of five per cent on Saturday.
The government securities section saw activity in the instruments having medium maturity.
The securities which drew interest were the newly issued 12.59 per cent government loan maturing in 2004 for Rs 85 crore at a yield of 12.39 per cent, 12.14 per cent government loan maturing in 2000 for Rs 85 crore at 11.67 per cent yield and the 13.05 per cent 10-year loan maturing in 2007 was dealt for Rs 25 crore at 12.66 yield.
There is abundant liquidity in the system and the prices of securities have gone up by 10 paise across the board said a money market dealer.
The treasury bills market saw dull activity of which the April 98 maturity bills were traded for Rs 17 at 8.9 per cent yield.
The corporate debentures segment saw deals worth Rs 5.64 crore, of which, the 14.5 per cent debentures of India Cements changed hands for Rs 5 crore at 14.9 per cent yield.
