NSE REPORT
The wholesale debt market segment of the National Stock Exchange witnessed moderate trading worth Rs 248.67 crore yesterday. The call rates tightened marginally in the inter- bank call market. The rates opened at 3.75 per cent levels but went up during the days trading to close at 5 per cent. Dealers said the short and the medium term securities like the 13.40 per cent gilt maturing in 1999 and the 13.65 per cent gilt maturing in 1999 saw active trading.
The 91-day treasury bill, the 364-day treasury bills, the 13.50 per cent gilt maturing in 1997, the 13.50 per cent gilt maturing in 1998 saw hectic trading. The 13.50 per cent gilt maturing in 1998 saw deals for Rs 30 crore struck at 11.43 per cent. The stock saw deals for Rs 25 crore at Rs 103.25. These deals are to be settled the same day and were concluded at 11.35 per cent yields.
The 13.40 per cent gilt maturing in 1999 saw deals for Rs 15 crore struck at 12.98 per cent. These deals are to be settled the same day. The 364-day treasury bill maturing on January 30 saw deals for Rs 15 crore struck at a yield of 9.55 per cent. The public sector banks and some of the foreign banks were active buyers in the treasury bills market. Some money market dealers pointed out that if call rates reach 6 per cent then the prices of the shorter dated securities will fall by 20-25 paise.
