Date:05/08/2008 URL: http://www.thehindubusinessline.com/2008/08/05/stories/2008080552170601.htm

Back Bond prices gain

Mumbai, Aug. 4

Bond prices gained 35 paise on Monday due to valuebuying by investors. Prices opened lower by 20 paise due to rising oil prices, said a dealer with a private bank. But, they rose by 50 paise during the day, on positive sentiments in the market, added the dealer. Bond dealers said that the Finance Minister's statement that interest rates would come down in six months was taken as positive. Total traded volumes on the order matching system were at Rs 3,905 crore (Rs 4,180 crore). The 8.24 per cent-10 year-2018 paper opened at Rs 93.33 (9.29 per cent YTM) and touched an intra day high of Rs 94.05 (9.17 per cent YTM). It closed at Rs 93.92 (9.19 per cent YTM) against the previous close of Rs 93.57 per cent (9.25 per cent YTM). The second highly traded security, the 5.87 per cent-2 year-2010 paper, opened at Rs 95.60 (9.26 per cent YTM) and closed at Rs 95.64 (9.23 per cent YTM). - Our Bureau