Trading Volumes Dip A Shade To Rs 459 Crore

Brisk trading in short-term securities continued at the wholesale debt market segment of the National Stock Exchange (NSE) yesterday.

Turnover touched Rs 459 crore on a day when calls continued to fluctuate between 2 and 3 per cent.

Treasury bills, both 91 and 364-day were in the spotlight. The one-year paper maturing on October 24 was traded for Rs 35 crore at a yield of 10.67 per cent.

This paper, auctioned last week at a yield of 12.12 per cent, has witnessed a massive dip in yields due to the low call rates.

The 91-day treasury bill maturing on January 25 was traded at 7.30 per cent. The paper saw a Rs 5-crore deal to be settled after one day at a price of Rs 98.32. Treasury heads expect the yields on the 91-day treasury bills to fall and settle between 7.50 and 7.75 per cent.

 

The 13.50-per cent central government security maturing in 1998 saw a cumulative deal of Rs 30 crore at 11.95 per cent. The trades, which are to be settled on the same day, were concluded at a price of Rs 102.15.

The zero-coupon security maturing in 2000 was dealt at prices closer to the ones fixed by the Reserve Bank of India.

The central bank had fixed the sale price of this security at Rs 61.81, while trades in this paper were concluded at Rs 61.80.