Satyam Computers which will enter the no-delivery phase of the BSE, from November 2, was traded in the book-bandh vyaj badla category. The scrip was traded at Rs 595, attracting a book closure badla charge of Rs 8.61 (weighted average). The counter attracted an interest charge of 75.45 per cent reflecting the adjustments to be made in terms of the dividend of Rs 1.20.

Similarly, Infosys Technologies was also traded in the book-bandh vyaj badla category. With effect from Monday, for four consecutive sessions, the stock will be traded in the no-delivery category of the exchange. At the hawala price of Rs 2,475 the stock attracted an interest charge of 62.27 per cent annualised based on the weighted average badla charge ofRs 28.96.

According to market participants, badla rates hovered in the band of 9-11 per cent on an average, however, the sudden rollercoaster moves at the counter of Zee Telefilms and Cochin Refinery saw these stock register higher carryforward charges of 13.23 per cent and 13.06 per cent respectively.

Among the pivotals, Hindustan Lever, MTNL, SBI and ITC attracted badla charges of 12.57, 12.25, 12.37 and 12.44 per cent respectively.

Speculative activities were reported to have been rampant on Friday at the counters of ITC and SBI. ITC which touched a low of Rs 699 on Friday amidst speculative activities, attracted a weighted average badla charge of Rs 1.67.

While SBI which hit the low of Rs 153 during Saturday's session on the NSE, attracted a carryforward charge of Rs 0.37. Tata Tea attracted a backwardation charge of 8.5 per cent with the weighted average badla charge at Rs 0.49. EIH, Exide Industries, and Garware Wall rope also attracted backwardation charge of Rs 2.42, Rs 0.05 and Rs 0.13respectively.

However, Hindalco, IPCL and Indian Hotel which attracted backwardation during the initial stages of the session finally closed on a positive note.

NSE's Pune site hums

The National Stock Exchange's attempt to conduct trading through its backup site at Pune proved successful. The first ever trading session conducted on a Saturday morning was disrupted between 11.15 am to 11.40 am, however, hence was extended upto 1.30 pm. Amidst thin volumes, the S&P CNX Nifty index closed at 824 points registering a net loss of 4.85 points.

Domestic and FIIs participants turned out to be net sellers to the tune of Rs 2.64 crore and Rs 8.91 lakh respectively. Interestingly, Foreign institutional investors used the opportunity to only sell, their purchase positions were nil.