Business Daily from THE HINDU group of publications
Wednesday, Oct 10, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Oct 10, 2007 ePaper |
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Markets
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Derivatives Markets Columns - On the hedge Our Bureau Chennai, Oct. 9 On the back of strong buying, Nifty future surged 5.10 per cent and closed at amidst increased trading volume of Rs 82,000 crore in the F&O segment on the NSE. In the process Nifty future, which dipped into the discount on Monday, regained into premium zone. It now commanded a premium of about 10 points as against Monday’s discount of 13.35 points. Nifty October future also added 10 per cent open interest positions, indicating strong investors’ appetite. Reliance group counters – Reliance Energy, Reliance Communication, Reliance Industries, RNRL, Reliance Capital and Reliance Petroleum, which saw shedding in open interest on Monday, witnessed smart accumulation of open interest positions. Apart from Refinance-group companies, recently listed PowerGrid Corp and IFCI also saw sharp accumulation in open interest positions. BankNiftyHowever, BankNifty shed open interest positions indicating investors’ reluctant to bank sector. Among banking counters, Bank of India saw sharp shedding while Federal Bank, Corporation Bank, Karnataka Bank and Andhra Bank also lose open interest positions. However, other banking counters saw their open interest positions moving up. Securities BanThe NSE has imposed ban on the trading of IFCI, Nagarjuna Fertilizers, and Essar Oil, as open interest positions have crossed 95 per cent mark. More Stories on : Derivatives Markets | On the hedge
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