Badla rate rules firm

Stocks like MRF, Wartsila Diesel and GE Shipping attracted high badla charges. While the average badla rates were around 15.3-15.6 levels, the MRF counter saw a carryforward rate of 16.03 per cent. The value of the open long positions at the MRF counter was valued at Rs 13.39 crore even as the volume of shares droppedfrom 0.84 lakh on June 5 to 0.74 lakh on June 12.

In the case of GE Shipping, the weighted average of interest rate was still higher at 16.22 per cent. The counter has seen a sharp rise in the volume of outstanding long positions from 43.54 lakh shares to 70.66 lakh shares. As a result, the value of open long positions has vaulted from Rs 9.36 crore to Rs 15.90 crore. On the other hand, stocks like Larsen amp; Toubro and Atlas Copco saw backwardisation charges of Rs 9.5 and Rs 50, respectively which points at the high short sale positions at these counters. At the Lamp;T counter, the volume of shares was 11.66 lakh valued at Rs 33.82 crore.