• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mumbai, Nov. 19

Bond prices rose for the second consecutive day on Wednesday, gaining by 40 paise. The prices rallied in the first half of trade with yields touching a low of 7.74 per cent on expectations of a rate cut by the Reserve Bank of India, said a dealer with a private bank.

However, the prices went down after a statement by a Finance Ministry official that the pressure on the RBI to cut rates has eased with the Government looking at fiscal measures to prop up growth, the dealer added. With prices rallying, there was profit-taking by investors, which also pulled the prices down from the day’s high, said dealers. Total traded volumes on the order matching system continued to rise and were higher at Rs 13,260 crore (Rs 11,260 crore). The 8.24 per cent-10 year-2018 paper opened at Rs 105.15 (7.46 per cent YTM) and touched an intra-day high of Rs 106 (7.34 per cent YTM). It closed at Rs 105.62 (7.39 per cent YTM), as against the previous close of Rs 105.22 (7.45 per cent YTM). The 7.95 per cent-24 year-2032 paper opened at Rs 99.9 (7.95 per cent YTM) and closed at Rs 100.15 (7.93 per cent YTM).

— Our Bureau

More Stories on : Govt Bonds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line