Badla rates zoom to 42 pc on BSE

These higher badla rates were also on account of longer positions in the market which needed to be squared off and there being less finance in the market. Last week’s correction of a realistic level of badla rates could not be sustained on account of a higher demand for shares. Among the scrips that attracted high carryforward rates were Hero Honda, which attracted an annualised carryforward charge of 55.73 per cent, Indian Rayon at 51.03 per cent, Telco at 42.13 percent, Garware Polyster at 40 per cent, Tata Tea at 45.10 per cent, Grasim at 59.40 per cent, State Bank of India at 37.61 per cent, BHEL at 39.91 per cent and Reliance at 41.80 per cent.

Most of these scrips attracted highs of over 100 per cent annualised charges over the day.

The scrips which attracted undha badla or backwardation charges were ABB at 20.96 per cent, Gujarat Ambuja at 68.21 per cent and Videocon International at 22.70 per cent.

ACC had a total outstanding position of 2,28,345 shares, Hero Honda at 58,100 shares. The total outstanding position for Indian Rayon was at 28,1400.

The total outstanding value of carryforward was Rs 1,160.33 crore. The purchase carryforward value was at Rs 1,126.06 crore while the sale carryforward value was at Rs 294.57 crore.

The net outstanding value for ACC was at Rs 30.69 crore, Bajaj Auto at Rs 10.30 crore, BHEL at Rs 23.49 crore, Bank of India at Rs 10.80 crore, BPL Ltd at Rs 26.27 crore, BSES Ltd at Rs 24.10 crore and Castrol Industries at Rs 44.33crore.