Carry-forward rates decline

It may be recalled that the week ended February 6 saw the badla rates stabilise at 18.25 per cent which excluded the book-bandh badla charges attracted by the 17 stocks which entered the no-delivery phase on the exchange from February 8.

Interestingly, in the final countdown of the session on February 13 not a singlestock attracted backwardation charges. This according to market observers was on account of the absence of substantial short positions in the market. The carry forward sale positions on the exchange continued to be at a low of Rs 122.41 crores. However counters like BSES Rs 1, UTI Master Gain Rs 0.06 weighted average and UTI Master Plus Rs 0.95 attracted backwardation during the first phase of the session however closed on a positive note. Ballarpur Industries and MRF however attracted book-closure carry forward charges.