Market sentiment is likely remain bearish this weak with badla rates for most scrips quoting not very high. Though brokers have short sold, the outstanding quantity of shares is not very high. The latest badla statistics for settlement 2A on the Bombay Stock Exchange show that the average annualised average badla rate is between 7.5 and 11. If political uncertainty continues, the undertone of the market will further dip along with the market indices, said a broker. However, brokers would pay badla interest and carry forward their position to the next settlement, if things recover. Three stocks "" Bajaj Auto, Cadbury Industries and Bhel "" witnessed huge undha badla at an average rate of -1.15, -20.4, -13.9, respectively.
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