MUMBAI, NOV 20: The sideways movement of the market is helping pull the carry forward rates lower on each successive week on the Bombay Stock Exchange. As the BSE Sensex lost a marginal 46 points over the last week, the weighted average badla rates on the BSE during this Saturday's badla session also dipped further to around 11.25 per cent level against last Saturday's 12.25 per cent. According to brokers, whereas the BSE is expected to remain firm on Monday, the NSE is likely to show weak trends.According to an analysis of badla trades in the top 50 scrips done by Kaji & Maulik Securities, on November 20, the average badla rates on the BSE was between 11.2 per cent and 11.6 per cent. Compared to this, the corresponding rates last Saturday was between 12.1 per cent and 12.5 per cent. According to Kaji & Maulik, net demand for funds this Saturday was marginally lower at Rs 2133 crore against last Saturday's Rs 2171 crore.However, high badla rates prevailed in select counters, particularly those which areentering into the no-delivery period from Monday for going into the compulsory demat mode from November 29. And among these select band of stocks, average badla rate was higher in those counters where the amount of physical shares is comparatively higher Apollo Tyres and Bharat Forge. However, according to a dealer with a domestic broking house, those who carried forward their positions in these counters, are unlikely to see some return till Thursday next.According to Arun Kejriwal at Woodstock Securities, ``Monday being the last day of the current settlement on the NSE (Tuesday is a holiday), brokers expect the NSE to be little weak whereas the BSE is likely to remain strong. So the parity in the prices of these stocks between the two exchanges could be restored only on Wednesday. And I expect the markets to steady from Thursday onwards.''
