According to market participants, the rise in the outstanding positions failed to influence the movement of the badla rates which is indicative of the arrival of fresh funds in the system.

"Although the impact of the US-64 was diluted during the end of account considerations, the fallout at the Asian markets is still to be absorbed by the local markets," BSE broker Himanshu Kaji said in the light of the US president's decision to offer waiver only to the agricultural sector.

Interestingly, the initial phase of the carryforward session saw about six stocks attract backwardation. Howeverin the final countdown they closed on a positive note. Stocks like Exide Industries (2.19 per cent weighted average), Indian Hotel (1.42 per cent), Hindustan Lever (3.66 per cent), Hindalco (6 per cent) and Ponds (India) (4.75 per cent) attracted substantially lower badla charges on account of the initial backwardation attracted by these stocks. In the final countdown, Hero Honda attracted a backwardation charge of Rs 3.37 after dipping to a low of Rs 9 while Hindalco rose from a low of Rs 4 to attract a backwardation of Rs 0.60.

Videocon International also attracted a lower badla charge of 6.66 per cent on account of the no-delivery positions being settled. The long positions at this counter had also risen substantially from a low of 45,000 shares to over 23 lakh shares. The stock will be traded on normal delivery basis with effect from settlement beginning on October 5.

Among the pivotals, Reliance and SBI attracted higher carryforward charges vis-a-vis the market average. While the market average was16.43 per cent for the week, Reliance attracted a carryforward charge of 17.38 per cent on account of the higher outstanding volumes at the counter and SBI also attracted a higher carryforward charge of 17.21 per cent. ITC was slightly higher at 16.7 per cent.

In an exceptional deal, Dr Reddy's attracted a carryforward charge of 25 per cent.