NSE REPORT
Trading volumes in the debt market segment of the NSE touched Rs 213.89 crore yesterday. This was marginally lower than Rs 243.52 crore on Thursday. The Reserve Bank of India will effect another round of 0.5-percentage point cut in the CRR today. This will add to the liquidity in the system.
The short-term securities were in the spotlight with banks focusing on the 364-day treasury bills, the 13.50-per cent central government security maturing in 1997 and the 13.50-per cent gilt maturing in 1998. The long-term securities saw buyers in the provident funds.
The 13.50-per cent central government security maturing in 1998 attracted a Rs 25 crore-deal at a yield of 11.89 per cent. This was followed by another trade for Rs 5 crore in the same security at 11.81 per cent.
The 13.50-per cent central government paper maturing in 1997 was also traded in large numbers. This gilt recorded deals worth Rs 15 crore. These transactions are to be settled after one day and were concluded at a yield of 11.06 per cent. In addition, a Rs 5-crore deal was struck in the same security at 11.13 per cent. This deal is to be settled the same day.
The 364-day treasury bill maturing on January 2 continued to witness active trading.
The paper saw trades for Rs 20 crore and these will be settled after one day. Another transaction, also for Rs 20 crore, was struck in the 364- day treasury bill maturing on January 16.
