NSE REPORT
Trading in the debt market zoomed yesterday even as call rates stiffened marginally to close at 4.5 per cent. Dealers said the prices of securities went up during the earlier part of the day but came down towards close on account of selling pressure by banks.
The wholesale debt market segment of the National Stock Exchange witnessed trading to the tune of Rs 327.44 crore. The short and medium- term securities remained in the spotlight, while the long-term securities were picked up the provident funds.
The 13.50-per cent central government security maturing in 1998 saw deals to the tune of Rs 25 crore. The trades, to be settled the same day, were concluded at a yield of 11.73 per cent. A few other deals totaling Rs 30 crore were also struck in the same security at a price of Rs 102.70. These transactions are also to be settled the same day.
The 13.50-per cent central government security maturing in 1997 was traded actively. The gilt drew Rs 10 crore at a yield of 10.90 per cent.
The medium securities to be traded during the day included the 13.40-per cent gilt maturing in 1999 and the zero-coupon security maturing the same year. While the 13.40-per cent gilt saw trades worth Rs 15 crore at 13.09 per cent yields, the zero-coupon saw deals to the tune of Rs 25 crore at a yield of 12.80 per cent.
