Badla rates decline to 22 pc on BSE

The carry-forward purchase position stood at Rs 1,087.66 crore, while the carry-forward sale position was estimated at a record low of Rs 209.17 crore.

According to market participants, the carry-forward rates hovered in the band of 26-30 per cent during the first phase of the session, to further dip to a low of 18 per cent and close at 22 per cent annualised weighted average.

Sources hint at the gameplan of punters who first unloaded and brought down the badla rates on the Calcutta bourse, and thus influenced the badla rates on the BSE. Though market experts feel that a healthycarry-forward rate is one which is 4-5 per cent above the call money rates, the fall of the rates to a low of 22 per cent is perceived as a trigger point for the continuation of the bull rally during the next week.

Of the 145 stocks offered in the carry-forward session, only four attracted backwardation. Andhra Valley attracted a backwardation or `undha badla’ charge of Rs 0.59 (weighted average) at a hawala price of Rs 100. The Indian Shaving Products counter, which continued to hog the limelight despite the negative market sentiment.