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Our Bureau

Chennai, Oct. 17 It was another historic day at the bourses as they had to stop trading for an hour almost immediately after opening bell. Nifty futures closed the day at 5,561.20 against Nifty spot close of 5,559 (On Tuesday, the premium was nil.).

While Nifty October futures saw shedding in open interest positions by around 9 per cent, Nifty November series witnessed 26 per cent addition of open interest. This indicates that traders are betting for medium term.

More than 60 per cent of the stock futures saw shedding in open interest positions in October series indicating nervousness market.

However, quite a few of them added open interest positions. Among them included BHEL, Biocon, Bharti Airtel, Bank of baroda, Amtek, ACC, Aurobindo Pharma, Dr. Reddy’s Lab, IVR Prime, IVRCL Infra, Hindalco, HDIL, HCL Tech, Kotak Bank, LIC Housing Finance.

Among Reliance pack, Reliance Industries and Reliance Energy added open interest positions even as Reliance Capital, RNRL, Reliance Petroleum and Reliance Communications witnessed drop in open interest.

The derivative contracts in the underlying Triveni Engg, Nagarjuna Fertilizers, Arvind Mills, IDBI & JP Hydro have crossed the 95 per cent of the market-wide position limit and is currently in the ban period, says a NSE circular.

Meanwhile, Overseas investors sold a net Rs 2,823 crore in F&O segment on Tuesday.

More Stories on : Derivatives Markets

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