Badla At Dse Confined To 25 Stocks

Modified carry-forward trading at the Delhi Stock Exchange, which kicked off on Monday, is currently confined to only 25 of the 121 shares that constitute the specified group of the bourse.

"We will allow carry-forward trade in all the scrips of the specified group after a few settlements," DSE executive-director S S Sodhi told Business Standard.

The maximum time limit on carry forward of transactions is 90 days, while the overall carry-forward limit is Rs 20 crore per broker per settlement. There are no sub-limits for purchase/sale positions and for individual scrips.

Besides, shares are being marked to market on a daily basis to preclude any possibility of heavy losses and to enhance investor safety.

DSE authorities say the first two days of badla have been good, although it is too early for it to have any significant impact on the trading volumes.

"It will take at least two-three weeks for badla to have any significant impact on the trading volumes. However, we expect the trading volume to rise at least 50 per cent in a couple of months," said Sodhi. The current average daily turnover at DSE is about Rs 300 crore.

Meanwhile the exchange has reduced the trading cycle for the specified group of shares from two weeks to one. Thus, there will be eight trading cycles of one week each -- from Monday to Friday -- for the modified carry-forward system.

The step is in line with the system prevailing at the BSE.