Carryforward rates on the BSE touched a low of 6.5 per cent before stabilising at 7.6 per cent annualised. According to market participants, the absence of short sales coupled with the steep fall in the positions marked for carryforward on account of huge margins, reflected on the interest rates.

"Ideally, the carryforward rates should be about 3-4 per cent higher than the call money rates.

"However, today one cannot attribute the fall in the carryforward rates to the market forces. Sebi's diktat has actually tampered with the market equilibrium," explained a BSE broker.

As per the figuresreleased by BSE, the total outstanding carryforward was pegged at Rs 500.41 crore, while the purchase positions were marked at Rs 452.42 crore. The difference of Rs 47.99 crore between the two was the net outstanding carryforward business that was registered in the settlement.

The Big Bull favourite counters, which are under Sebi investigation, witnessed a steady rise in the carryforward purchase positions. While BPL recorded a huge carryforward volume of 6.53 lakh shares, Videocon International recorded a phenomenal volume of 26.63 lakh shares. Among the heavyweights, ACC, Brittania Industries, Crisil and Digital Equipment attracted book closure badla. These stocks will enter the no-delivery phase from settlement 16 which begins on July 6.

ACC attracted a book closure badla of 81.78 per cent annualised at the weighted average badla rate of Rs 19.68 for a total outstanding quantity of 72,240 shares.

Brittania Industries also attracted a book closure badla charge of 166 per cent, while Crisil attracted abook closure badla based on the weighted average badla charge of Rs 15.05.

Interestingly, Hindustan Lever - which continued to move in a volatile manner during the week ended July 3 - attracted a carryforward charge of 7.63 per cent annualised for a meagre quantity of 19,050 shares marked for carryforward. The stock had recorded a total volume of over 10 lakh shares on the BSE amidst rumours of FII buying interest.