Gross delivery volumes steady at 30.59%

 The gross delivery volumes in October 2003 accounted for 30.59 per cent of the combined traded volumes on the BSE and the NSE. In the previous month, delivery volumes were 30.46 per cent of the total traded volumes.

 Delivery volumes in blue-chip stock continued to be lower compared to side counters (other than Sensex and Nifty scrips).

 The BSE Sensex stocks recorded delivery volumes of 21.40 per cent of total traded volumes in October against 21.63 per cent in September. The Nifty delivery volumes were at 1.940 per cent compared to 18.69 per cent.

 Side counters registered a marginal increase in delivery volumes in October 2003. The delivery volumes increased to 40.43 per cent of the total traded volumes in October from 38.61 per cent in September 2003.

 Ahead of the Credit Policy announced on November 3, investors favoured bank stocks for delivery-based trading in October.

 Delivery volumes in bank stocks accounted for 17.62 per cent of the delivery volumes in October compared to 10.47 per cent in September. Steel companies too attracted large volumes, accounting for 15.23 per cent of total delivery volumes.

 The share of IT stock in total traded volumes declined to 7.45 per cent from 9.01 per cent. Telecom stocks too lost ground in October with its share in the total volumes declining to 4.72 per cent from 6.82 per cent in September.

 Among others, the share in delivery volumes of entertainment, pharma, fertiliser sectors declined in October.

 Investors buying interest was seen in the stocks of automobile, power, cotton textile and non banking finance companies. The share of automobile firms in total delivery increased from 0.88 per cent to 1.52 per cent.