The Hindu Business Line : Stock futures see healthy rollovers

Turnover once again topped the Rs 1-lakh crore mark to touch Rs 1.04 crore. NSE witnessed a rollover of 70 per cent, which indicates that things are quite normal. Stock futures, particularly pivotals, saw even higher rollovers.

Reliance Energy, Reliance Industries and Reliance Communications saw fresh accumulation besides strong rollovers.

Despite strong rollovers, the Nifty November future maintained a discount of 33.8 points.

On Wednesday, the discount was about 40 points.

Nifty November 5900 call and Nifty 5500 puts were the most active indicating that the Nifty may rule in that range during November.

Rollovers

Among the counters that saw strong rollovers include CNX Nifty Junior, Alok Industries, Ballarpur Industries, Bajaj Hindustan, Bank of Baroda, Century Textiles, Essar Oil, IFCI, GE Shipping, GTL, India Cements, Jindal Stainless, JSW Steel, NDTV, Nagarjuna Fertilizers, Orchid Chemicals, S. Kumar’s Nationwide, Sterlite Optical and VSNL.

However, rollover positions were very weak in the recently listed Nifty Midcap Futures.

Others such as Amtek Auto, HTMT Global, J&K Bank, Jet Airways and Sterling Biotech also saw rather weak rollovers.

Quite surprisingly none of the counters attracted trading ban indicating that rollovers did not touch 95 per cent of the market-wide positions for any of the counters.

F&O statistics

The F&O turned net sellers in F&O segment on Wednesday, according to the NSE data.

They sold heavily on Nifty futures though they remained net buyers in Nifty options, which indicates that overseas investors are expecting a volatile path.