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Our Bureau

Chennai, Oct. 29 On a historical day when the BSE Sensex crossed the sensation 20,000-mark, the Nifty future also scored handsome gains. Nifty futures closed at 5923, a gain of 3.69 per cent, over Friday’s close and a premium of about 18 points to the spot close. However, turnover was only Rs 69,537 crore, which was consistently well above the Rs 70K mark during the last 15 days.

Despite sharp gains, open interest declined one per cent for Nifty future indicating profit-booking at higher levels. Quite a few counters also saw sharp shedding in open interest positions. Among them are Reliance Petroleum, Reliance Industries, SAIL, State Bank of India, BHEL and Larsen & Toubro.

However, ADAG counters – Reliance Energy, RNRL and Reliance Communication have seen accumulation.

Foreign institutional investors were net buyers to the tune of Rs 1,492 crore in F&O segment on Friday. Even in that, they bought only index futures (about Rs 1,600 crore) while they were net sellers to the tune of Rs 487 crore.

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