Bond prices increased by 87 paise buoyed by the massive demand for Government securities. Total traded volumes on the order matching system were considerably higher at Rs 12,555 crore. Expectation of lower inflation levels and the declining oil prices maintained the optimistic sentiment in the market. Banks are purchasing securities to meet their SLR requirements. The 8.24 per cent-10 year-2018 paper opened at Rs 97.65 and reached an intra day high of Rs 98.59. It ended at Rs 98.48, against the previous close of Rs 97.61. The price of the second highly traded security, 8.24 per cent-19 year-2027 paper, increased by Rs 2. It opened at Rs 89.91 and ended at Rs 92.2, against the previous close of Rs 90.2.
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