Business Daily from THE HINDU group of publications
Tuesday, Aug 12, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Aug 12, 2008 ePaper | Mobile/PDA Version | Audio |
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Money & Banking
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Govt Bonds Bonds gain Mumbai, Aug. 11 Bond prices gained by around 70 paise on Monday as oil prices fell to $116 per barrel. Prices rose by more than a rupee during the day before profit booking erased some of the gains, said a dealer with a private bank. Dealers said that prices rallied in the first half hour of trade but there was not much of activity through the rest of the day. Total traded volumes on the order matching system were substantially higher at Rs 9,470 crore (Rs 4,165 crore). The 8.24 per cent- 10 year-2018 paper opened at Rs 95.23 (8.98 per cent YTM) and touched an intra-day high of Rs 96.20 (8.82 per cent YTM). It finally closed at Rs 95.70 (8.90 per cent YTM) against the previous close of Rs 94.97 (9.02 per cent YTM). The second highly traded security, the 7.95 per cent-24 year-2032 paper opened at Rs 84.5 (9.61 per cent YTM) and closed at Rs 85.05 (9.54 per cent YTM).— Our Bureau More Stories on : Govt Bonds
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