Investor interest was seen more in non-index stocks
Gross delivery volumes on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) increased 23.8 per cent in July 2003 over volumes in June.
The growth in delivery volumes was in line with the growth in trading volumes on these exchanges. The total traded volumes on both these exchanges increased 22.7 per cent in July over volumes in June.
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Delivery volumes aggregated 336.65 crore shares in July, accounting for 37.07 per cent of the total traded volumes of 908.12 crore shares.
In June, delivery volumes aggregated 271.93 crore shares, accounting for 36.75 per cent of traded volumes of 739.86 crore shares.
Investor interest in deliveries was seen more in non-index stocks in July. The deliveries in S&P CNX Nifty stocks grew 13.95 per cent compared with a 20.98 per cent rise in total traded volumes of Nifty.
Deliveries in Nifty as a percentage of total traded volumes accounted for 26.04 per cent in July compared with 27.65 per cent in June.
The deliveries in non-index stocks rose 26.36 per cent compared with a growth of 23.41 per cent in total traded volumes.
The delivery in non-Nifty stocks was 41.15 per cent of the total in July compared with 40.19 per cent in June.
Among Nifty stocks, Britannia Industries, Grasim, VSNL, MTNL, Shipping Corporation, ITC, Hero Honda, ABB, HPCL, BPCL, Infosys Technologies, Larsen & Toubro, Colgate and Satyam Computer posted growth in their delivery volumes.
The losers in delivery volumes were Glaxo SmithKline Pharmaceuticals, Mahindra & Mahindra, Cipla, Gujarat Ambuja Cement, Dr Reddy