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Our Bureau

Chennai, Oct. 11 The premium has almost doubled at 30.2 points for the Nifty future in relation to the Nifty spot thanks to a strong addition in open interest in Nifty October futures.

Trading volumes at Rs 72,261 crore points that a large number of participants are still taking part in the F&O market despite the market racing ahead at sizzling pace. Nifty future added 26.41 lakh or 8.12 per cent open interest positions on Thursday.

As the Q2 result is not in line with market expectation, the Infosys October future dwindled 6.97 per cent at Rs 1,980.90. Interestingly, it saw a sharp surge in open interest positions (5 per cent), particularly towards the later part of the day. The future is also commanding a premium of 4.05 points. All these point a bounce back for the Infosys counter.

However, it was mixed trend as far as other IT majors were concern. While Satyam Computer and Patni added open interest positions, TCS, HCL Technologies and Wipro saw decline.

Most Reliance counters maintained their momentum; except for Reliance Energy, others added open interest on the back of sharp gains.

The Adlabs Films future, which moved up sharply on Wednesday, maintained the momentum on Thursday too as it gained 10.22 per cent and also added 15.7 per cent in open interests.

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

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