Following the Sebi diktat to square off all short positions by June 26 saw the sale carryforward positions on the BSE reduced to a meagre Rs 300.

However, the purchase positions stood at Rs 491.43 crore. "The carryforward positions do not provide a true picture of the market activity levels and the direction in which it could move in the forthcoming sessions," Wood Stock Securities dealing chief Arun Kejriwal said.As per figures collated by BSE, the short sale positions of Videocon International has been reduced to zero. However, the purchase position atthe counter continued to touch a new high of 25.23 lakh shares, with the total outstanding positions at 28.22 lakh shares. BPL continued to register a carryforward position of 5.11 lakh shares, while the purchase carryforward positions of Sterlite stood at 6.76 lakh shares. Most participants have pinned their hopes on the Sebi meeting scheduled for June 29. BASF and Cummins India attracted book-closure badla charges. The stocks will enter the no-delivery phase from July 29 for a period of three settlements.