Badla rates down on BSE

MUMBAI, February 7: Interest rates badla on carry-forward transactions on the Bombay Stock Exchange hovered at around 12-15 per cent on Saturday, down from the 15-17 per cent registered in the previous week. However, several pivotals like Reliance, ITC, Asian Paints, Dr.Reddy, GE Shipping, Grasim and Indian Hotels attracted backwardation charges. The total outstanding value of carry forward was Rs 421.39 crore. Of this the purchase cary forward was Rs 397.54 crore and the sales carry forward was Rs 201.48 crore.

The drop in badla charges was also triggered by a higher number of financers in the market, said a dealer. It does indicate a higher liquidity on the counters, he added. The week gone by saw mixed fortunes on the stock exchange.