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Sunday, November 15, 1998

Badla rates move up to 15.25%

ENS ECONOMIC BUREAU  
MUMBAI, NOV 14: Carryforward rates on the Bombay Stock Exchange (BSE) moved up to touch a high of 19 per cent before stabilising at 15.25 per cent weighted average for a total vyaj badla position of Rs 645.39 crore.

Of the 145 securities offered for the carryforward session, only five attracted backwardation charges. They were EIH, Indian Hotels, Glaxo, MasterGain and Tata Hydro. Glaxo attracted a backwardation of Rs 5 weighted average, with the badla rate at a high of Rs 2.12. The carryforward sale positions at the counter rose to a high of 1.59 lakh shares. After a gap of over three weeks, UTI's MasterGain also saw short sellers pay a backwardation charge of Rs 0.25 weighted average, reflecting the short positions built up at the counter.

Pentafour Software and BPL were traded in the book-bandh vyaj badla category. Both the stocks will enter into the no-delivery category from Monday.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


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