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Our Bureau

Chennai, Nov. 29 Nifty futures saw a healthy rollover of 76 per cent to December series while trading volume also improved to Rs 98,225 crore as against Wednesday’s figure of Rs 86,287 crore. It was a high volatile session at the bourses, but overall rollovers seen at 72-75 per cent.

Amid volatility, Nifty futures ended in a whopping premium of 47.7 points, mainly on account of short-covering during the day. The huge premium is also due to lack of trading activity, particularly in the F&O segment at the closing hours, as the market entered volatile zone, say some market men.

Interestingly, Nifty November future also closed at a whopping premium of 15.8 points due to short covering. The average price of Nifty November future was 5698.13 against the spot close of 5634.6.

Among stocks futures, auto, engineering and capital goods space saw open interest additions. However, power and oil and gas space saw a low rollovers compared with previous occasions. Reliance Petroleum’s front-month contract ended at a sharp premium. However, rollover was rather dull at 48 per cent as the stock attracted trading ban. Reliance Petroleum, Reliance Energy, Reliance Industries, RNRL, Reliance Communications, State Bank of India, Reliance Capital, and Larsen & Toubro were the most active December contracts.

Foreign institutional investors maintained their alternate bout of buying and selling in F&O segment. They were net buyers to the tune of about Rs 600 crore on Wednesday, according to the latest data available with NSE. On Tuesday, they were net sellers to the tune of about Rs 465 crore. While they remained marginal sellers on stock futures, they were net buyers of Rs 456 crore on index futures.

The NSE has maintained its trading ban on Essar Oil, Bongaigaon Refinery, Tata Tele Maharashtra, JP Hydro, Reliance Petroleum, NIIT Tech and Adlabs Films, as open interest positions have crossed the 95 per cent of the market-wide position limit.

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