Mumbai, Feb 7: Carry forward rates on the Bombay Stock Exchange hovered at around 12-15 per cent on Saturday, down from the 15-17 per cent registered in the previous week.However, several pivotals like Reliance, ITC, Asian Paints, Dr Reddy, GE Shipping, Grasim and Indian Hotels attracted backwardation charges. The total outstanding value of carry forward was Rs 421.39 crore. Of this the purchase cary forward was Rs 397.54 crore and the sales carry forward was Rs 201.48 crore.
The drop in badla charges was also triggered by a higher number of financers in the market, said a dealer. It does indicate a higher liquidity on the counters, he added.u The week gone by saw mixed fortunes with the sensex zooming up by 130 points on Monday on FII buying and an improvement in several Asian markets. However, fears of a world war dragged the sensex down later in the week. Short covering later buoyed the sensex again in spurts to close the week on gains. Dealers said they were hopeful that the market would open on apositive note on Monday.
On Saturday, Telco, Bombay Dyeing, BSES, M&M, Thermax attracted 15 per cent per annum badla charges. HLL which was attracting a backwardation charge during the session later changed track to end on a badla charge of 6.27 per cent. MTNL attracted a badla charge of 10 per cent. In the backwardation list, Reliance attracted a Rs 1.59 charge, ITC attracted Rs 1.34 and Grasim 85 paise.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
