Turnover Surges To Rs 129 Cr

The prices of most securities rose as banks bought securities. In tandem with rise in prices, the yields on securities declined.

The 13.50-per cent central government security maturing in 1997, last traded at Rs 100.42 on Wednesday, was quoting 8 paise higher at Rs 100.50.

"The security, being the market flavour, saw the highest jump in prices," a dealer said. Curiously enough, although the 13.50 per cent central government security maturing in 1998 and the 13.62 per cent gilt maturing in 1998 were traded heavily, there was hardly any trading in the 13.65-per cent government security maturing the same year.