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Gilts lacklustre.
(From Business Line)
MUMBAI: In the bond market on Monday, prices of Government securities went up by about 20 paise towards the end of trading hours after lacklustre trading throughout the day.
News of the Finance Ministry being still undecided on the bond sale worth Rs 8,000 crore due in December led the prices to rise. Sentiment also improved on information of outstanding balance of the Government with RBI being about Rs 22,000 crore.
The benchmark 7.38 per cent 2015 paper went up as high as Rs 101.40 before sliding to close at Rs 101.25 per cent at a yield of 7.22 per cent. …
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