Gilt Prices Decline By A Rupee

NSE REPORT

The wholesale debt market at the National Stock Exchange witnessed a steep fall in prices of government securities by nearly 100 paise.

The WDM saw 53 trades and a trading volume of Rs 336.25 crore. The commercial paper segment saw a trading volume of Rs 20 crore while certificates of deposit saw a volume of Rs 40 crore.

"There was selling pressure in the market, and many traders were selling securities to book profits before prices fall any further," said a dealer.

The day saw a repo deal for a term of eight days at the rate 13.50 per cent. The deal was done for the 13.82 per cent government loan maturing in 2002 for Rs 10 crore.

 

The 11.55 per cent government loan, maturing in 2001, saw 20 trades and accounted for a volume of Rs 135 crore. The paper was traded at the weighted average yield of 11.72 per cent against yesterday's yield of 11.44 per cent. The paper was traded for a high of Rs 100.09 and closed at the low of Rs 99.

The 11.78 per cent government loan, maturing in 2003, saw eight trades and accounted for a volume of Rs 40 crore. The paper was traded at the weighted average yield of 11.76 per cent and was traded for a low of Rs 99.97 and high of Rs 100.