The Hindu Business Line : Adlabs Films star performer

Chennai, Oct. 10 The Nifty future widened its premium against Nifty spot though during intra-day it trailed the benchmark at times. The Nifty October future commands a premium of about 15.7 points against Tuesday’s premium of 9.25 points.

Trading volumes remained robust around Rs79,800 crore. While index futures saw a trading volume of Rs 18,525 crore while stock futures accounted for Rs 49,900 crore.

Reliance counters except Reliance Energy added open interest at a fair clip. Nifty 5300 put turned into active zone today. This indicates that Nifty might face some resistance at current levels and might touch 5300 levels. Select banking counters such as Bank of India, Andhra Bank and Corporation Bank, which saw decline open interest, witnessed sharp surge open interest indicating change of mood for investors towards banking counters.

Adlabs Films was the star performer. The future gained 23.73 per cent and closed at Rs 662.80 against the underlying value of Rs 661. Interestingly, the counter added 21.55 per cent open interest positions, indicating strong undertone.

Overseas investors bought a net Rs 839 crore of derivatives on Tuesday.

Securities under ban

The NSE has imposed trading ban on IFCI, Nagarjuna Fertilizers, Essar Oil, Tata Tele Maharashtra, Arvind Mills & JP Hydro, as open interest positions have crossed the stipulated 95 per cent of the market-wide position limit.

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