Delivery volume at 30-month high

 Gross delivery percentages touched a 30-month high at 40 per cent of the total traded volume in September. The high numbers indicate that retail investors are back in the equity market.

 Additionally, the new set of foreign institutional investors, who had registered in the last three months, are said to be stocking up.  The delivery percentages have shot up by almost 250 per cent since June 2004. The aggregate delivery volume in September touched 3.9 billion shares, up from 3.01 billion in August 2004.  This is a significant development, indicating that investors had bought stocks for delivery ahead of the new securities transaction tax era, said KR Choksey, proprietor of Kisan Ratilal Choksey Securities.  Investor confidence was back on account of the positive developments in the economy, he noted, adding that the only negative factor was burgeoning oil prices.