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Bond prices moved up 5-10 paise on expectation that the next auction of government securities may be cancelled, as the Government may increase its spending in the last quarter of the fiscal.
The bond market opened lower, but made up the losses during the day and recovered towards close, said bond dealers.
“Due to the selling in the equity markets, there is a tilt towards bonds. This sentiment also helped the market,'' said a dealer with a private bank.
The total traded volumes on the order matching system were to the tune of Rs 4,540 crore.
The most actively traded 8.13-per cent-11-year-2022 paper opened at Rs 99.15 (8.24 per cent YTM) and closed at Rs 99.31 (8.22 per cent YTM), against the previous close of 8.23 per cent YTM.
The second most actively traded paper 7.17 per cent-4-year-2015 paper opened at Rs 96.54 (8.13 per cent YTM) and closed at Rs 96.64 (8.10 per cent YTM), against the previous close of Rs 96.53 (8.13 per cent YTM).
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