The Hindu Business Line : RNRL in the limelight

Chennai, Nov. 5 After ruling in premium during most part of the day, the Nifty November future ended in discount of about three points to the spot close as traders some unwound their long positions during fag end of the day. Open interest positions improved just marginally by 0.67 per cent.

Though the Nifty December future discount was wider at 15 points, it added about 4.5 per cent in open interest positions indicating the medium-term bullishness.

The star performer in today’s trade was Reliance Natural Resources. RNRL November future touched a high of 186.5 before closing at 181, with a gain of 25.87 per cent over Friday’s close.

Reports that peaceful settlement with Reliance Industries on Krishna-Godavari gas pricing dispute seemed to send the price soaring.

It also saw a jump of 8 per cent in open interest positions, and ended in premium to the spot close of 179.3.

Reliance Industries November future, on the other end, slipped 2.73 per cent at 2671.35. Open interest also slipped by 1.92 per cent, while the spot closed at 2661.15.

Active stocks

Among the active stocks were Reliance Petroleum, Reliance Energy, Reliance Industries, Reliance Communications, State Bank of India, GMR Infrastructure, Reliance Capital, and PowerGrid.

Among the active counters, Reliance Petroleum witnessed sharp jump of 35 per cent in open interest positions while SBI witnessed a decline.

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RNRL in the limelight

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