The Hindu Business Line : Bond prices fall 47 paise

Bond prices fell by 47 paise on Thursday, in a jittery market. The investors were trying to book profits after the price rally the previous day which led to a fall in prices, said a dealer with a private bank. Total traded volumes on the order matching system were lower at Rs 11,355 crore (Rs 15,450 crore). The price movement was seesaw with no clear cut indication on which way the markets will move, the dealer said. The market players were seen shuffling their portfolios, with some moving from short-term papers to long-term papers and vice versa. The fall in inflation figures to 8.4 per cent also brought cheer to the markets, the dealer said. Dealers expect the yield of the benchmark security to touch 6.75 per cent in intra day trade on Friday.The 8.24 per cent-10 year-2018 paper opened at Rs 110.15 (6.75 per cent YTM) and touched an intra-day high of Rs 110.50 (6.71 per cent YTM). It closed at Rs 109.54 (6.84 per cent YTM), as against the previous close of Rs 110.01 (6.77 per cent YTM). The 7.95 per cent-24 year-2032 paper opened at Rs 107.18 (7.30 per cent YTM) and closed at Rs 106.2 (7.39 per cent YTM). - Our Bureau

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