Carryforward rates on the BSE recorded wild swings during the first phase of the session, from a high of 27 per cent to a low of 10 per cent before finally stabilising at 18 per cent annualised.

The correction in badla rates at Saturday's session has been attributed to the sharp decline in value of the carryforward or the long positions in the market.

The value of carryforward positions for the week ended June 12 stood at a low of Rs 769 crore.

"The day's prominent feature continued to be the favourite counters of the big bull which has driven a group of market players to the door step of financiers," a BSE broker said.

Videocon International recorded a huge carryforward purchase position of 37.41 lakh shares while the sales stood at 11.66 lakh shares. Thecounter attracted a phenomenal badla charge of 3.39 per cent (weighted average) at the hawala price of Rs 95. According to market sources, the imposition of 50 per cent margins on teji badla positions would provide a 50 per cent risk cover to the exchange for positions marked for delivery.

"It would provide enough comfort level to the exchange and the brokers against the likely price depreciation if any on account of the prevailing negative market sentiments," BSE brokers said.

BPL also attracted a carryforward charge of Rs 8.71 (weighted average) for a total outstanding position of over 16 lakh shares. The carryforward purchase quantity stood at 9.92 lakh shares, while the short-sale positions continued to over 5.38 lakh shares, at a hawala price of Rs 280. Similarly, in the case of Sterlite the weighted average badla charge was at an attractive level of Rs 1.60 weighted average for a purchase carryforward position of 14.61 lakh shares. The sale carryforward quantity however, was reduced to a low of4.75 lakh shares.

Among the pivotals Tata Tea, SBI, Gujarat Ambuja Cement and Bajaj Auto attracted higher book-bandh badla charges of 51.70 per cent, 81.71 per cent, 125.19 per cent and 110.13 per cent respectively.

These stocks will be traded on BSE's no-delivery platform from June 15. Hindalco and ICICI attracted backwardation charges of 52.14 per cent and 25.44 per cent respectively.