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Our Bureau

Chennai, Oct. 18 The NSE recorded its best-ever turnover of Rs 1,10,564 crore in the futures & options segment on Thursday surpassing its previous record turnover of Rs 1,00,056 crore recorded on October 3.

The combined turnover of the BSE, NSE and NSE F&O segment stood at Rs 1,48,334 crore. While stock futures accounted for Rs 60,430 crore, index future witnessed a turnover of Rs 34,582 crore and index options Rs 11,804 crore.

Open interest in Nifty October future declined to 3,27,63,100 contracts on Thursday against Wednesday’s 3,28,47,900 contracts. On the other hand, Nifty November future saw addition in open interest. About 20 per cent open positions were rolled over to Nifty November contracts.

Total open interest positions declined by 3.42 per cent to Rs 1,00,732 crore on Wednesday following SEBI missive. Implied volatility skyrocketed to around 45-50 per cent capturing underlying volatile condition. While counters such as Rolta, ACC, VSNL, Hindustan Construction, Crompton Greaves added open positions, contracts such as Aban Offshore, J&K Bank, Triveni Engineering, Axis Bank and India Cement witnessed decline in open positions.

Foreign institutional investors sold a net Rs 4,221.85 crore in the F&O segment on Wednesday, according to SEBI data. They have reduced positions to Rs 18,678 crore (Rs 19,632 crore) on index futures and to Rs 37,465 crore (Rs 39,094 crore) on stock futures.

Open interest, or the number of contracts outstanding in value terms, fell 3.3 per cent to Rs 72,300 crore , according to figures published on the exchange’s Web site. The NSE has imposed a trading ban on IDBI and Omaxe as open interest positions have crossed the 95 per cent-mark of the market-wide position limit.

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