Volumes Down, 2004 Papers Draw Rs 95 Cr

NSE REPORT

Catapulting calls meant lukewarm activity in the debt segment of the National Stock Exchange (NSE) yesterday. The traded volume for Wednesday is placed at Rs 246 crore. This compares adversely with the volume in excess of Rs 450 crore notched up in the past two days.

Calls opened in the range of 7.5 to 8 per cent and immediately went up to 9 per cent levels. The calls ended the day around 10 per cent.

Security activity has been subdued following the RBI action of placing the 12.59 per cent, seven-year security on tap. There has been aggressive demand for the security and the estimates for the security has been around Rs 4600 crore . The security prices saw a marked increase after the banks became aware of the decision to cut the bank rate by one percentage point .

 

The securities which were traded actively were the 12.5 per cent and the 12.59 per cent government loans maturing in 2004 for Rs 40 crore and Rs 55 crore, respectively at 12.52 per cent and 12.56 per cent yields.

The corporate debentures segment saw volumes worth Rs 4.71 crore of which the activity was in the 14 per cent Reliance debentures maturing 2000 changing hands for Rs 3.96 crore at 14.15 per cent yield and Rs 59.4 lakh being dealt in the Reliance pert debentures at 19.67 per cent yield.