Among the stocks which attracted backwardation charges, Bajaj Auto, German Remedies, Indian Hotels, SmithKline Pharma and SmithKline Beecham Consumer hogged the limelight on account of the rising discrepancies between their closing prices on the BSE and theNational Stock Exchange. Other stocks which attracted backwardation charges in the range of Rs 0.50 to Rs 1.50 on a weighted average were Asian Hotels, Asian Paints, Britannia Industries, Carrier Aircon, Dabur, Thermax and Tata Hydro. Dabur attracted a backwardation charge for the second consecutive week. During the week ended August 14, the stock attracted an undha badla on account of the settlement of no-delivery commitments.

Godrej Soaps and IPCL attracted book-closure backwardation charges of Rs 0.43 and Rs 3.48 (weighted average), respectively. Both the stocks will be traded in no-delivery on the BSE with effect from August 24. Interestingly, while Bhel, MTNL and Industrial Oxygen were also traded in the book-closure vyaj badla mode, the stocks failed to attract backwardation charges. Bhel attracted a carryforward charge of Rs 4.88, MTNL Rs 4.21 and Industrial Oxygen Rs 6.01.

"The prices of these stocks are quite high. However, the dividend yield in not enough to take care of the book bandhpositions," explained a leading BSE broker. In the absence of significant carryforward positions, Reliance and ITC attracted low carryforward charges on Saturday. Reliance attracted a carryforward charge of Rs 0.28 (weighted average) for a net position of 52 lakh shares. Similarly, ITC attracted a carryforward charge of Rs 1.45 for a net outstanding position of 4.77 lakh shares.