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Our Bureau

Mumbai, March 21

Bond prices rose by around 25 paise in anticipation of liquidity improving ov the next few days. Total traded volumes on the order-matching system were around Rs 635 crore.

Dealers said sentiment was bearish during the first half of the day. But as news trickled in about the possibility of the bank strike being called off, traders began buying in the market. "Liquidity conditions will now ease as banks have been shoring up cash in anticipation of the strike," said a dealer.

There were also other indications that the cash shortage would ease. In the auctions of the 91-day and the 182-day treasury bills, the central bank accepted only Rs 1,300 crore while the notified amount was for Rs 3,500 crore. "This will lead to a potential cash infusion of Rs 2,200 crore in the system," said a dealer.

The 8.07 per cent-10-year-2017 paper opened at Rs 99.80 (8.097 per cent YTM) and closed at Rs 100.20 (8.04 per cent YTM), against Tuesday's Rs 99.95 (8.07 per cent YTM). The 7.37 per cent-7 year-2014 paper opened at Rs 96 (8.12 per cent YTM) and closed at Rs 96.18 (8.09 per cent YTM).

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