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Our Bureau

Chennai, Dec. 13 The Nifty December future declined by about two per cent while its premium with respect to the Nifty spot close reduced to just 8.5 points. However, it saw marginal increase in open interest positions, particularly towards closing hours of the day. Turnover also remained modest at Rs 70,156 crore against Wednesday’s figure of Rs 71,385 crore.

While index futures saw a volume of Rs 17,279 crore, stock futures accounted for Rs 45,076 crore.

Among stock futures, RNRL was the most active followed by Reliance Industries, Tata Steel and Reliance Capital. While counters of RNRL, Reliance Industries and Reliance Capital fell, Tata Steel futures managed to end in the green.

Despite a sharp fall of 2 per cent, Reliance Industries saw a sharp accumulation in open interest positions. Tata Steel also witnessed marginal accumulation in open interest positions.

However, today’s star performers were Lanco Infratech Ltd and Ispat Industries. While the former gained by over 10 per cent, the latter by 5 per cent. However, both saw a drop in open interest positions, on account of unwinding of long positions. Both these counters have been witnessing sharp gains in recent times.

Foreign institutional investors remained net sellers to the tune of Rs 1,130 crore in the F&O segment on December 13, according to data available with the NSE. While they were net sellers to the tune of Rs 1,170 crore in index futures and Rs 291 crore in stock futures, they remained net buyers of about Rs 334 crore in index potions. This suggests that the market is heading for volatile session.

The NSE has banned 17 counters – Alok Textiles, Gitanjali Gems, Neyveli Lignite, Tata Tele Maharashtra, PowerGrid, Rajesh Expo, Nagarjuna Fertilizers, Essar Oil, Hotel Leelaventure, MRPL, Bongaigaon Refinery, IFCI, Bindal Agro, GMR Infra, Adlabs Films, Parsvanath and Arvind Mills, as open interest position has crossed the 95 per cent of the market-wide position limit.

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