Business Daily from THE HINDU group of publications
Tuesday, Sep 18, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, Sep 18, 2007 ePaper |
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Markets
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Derivatives Markets Columns - On the hedge 
Our Bureau Chennai, Sept. 17 After beginning on a strong note, the Nifty future came into selling pressure and ended on a weak note. Nifty future, which was in premium to the Nifty spot during intra-day, ended with a discount of 7.5 points mainly due to some accumulation of fresh short positions during the fag end of trading hours. Trading volumes, however, dipped sharply to Rs 35,768 crore as against last week daily average volume of about Rs 42,000 crore. The top 10 contracts contributed to around 36 per cent of the total traded volume in futures on individual securities. Reliance Energy was the most active counters followed by Reliance Capital, GMR Infra, Reliance Industries and SBI. IndiaInfoline entered the top traded segment with open interest positions surging 8.67 per cent at 23,62,500 positions. It was, however, volatile day for the counter as the IndiaInfoline future saw a high of 884 and a low of 826.05 before settling at 842.85. While Triveni Engineering, GMR Infrastructure, Hinduja TMT saw surge in open interest positions Banking counters continued to shed open interest positions. Securities under ban NSE has banned trading in Rajesh Expo, Tatatele Maharashtra, Escorts, Bongaigaon Refinery, IDBI, Neyveli Lignite and GMR Infrastructure, as open interest positions have crossed 95 per cent of the market-wide position limit in these counters. More Stories on : Derivatives Markets | On the hedge
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