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The Nifty January futures premium widened further to 38.8 points with respect to the spot close on the back of fresh long positions.

It was very high rollovers with Nifty saw 80 per cent of contracts rolling over to January month series while the turnover stood at Rs 94,659 crore.

Overall market-wide rollover was even bigger at around 83-85 per cent indicating strong additions of fresh long positions in stock futures.

Cement, construction and second-IT stocks saw healthy rollover besides R-pack companies and Power Grid.

The most active counters are Reliance Energy, Reliance Industries, Essar Oil, RNRL, Tata Steel and Reliance Petroleum.

However, Shipping Corporation was the star performer; the SCI January contract closed with a gain of about 15 per cent and saw a rollover of about 83 per cent in open interest positions. The counter closed at Rs 300.90 against the spot close of Rs 294.60. This shows that lot of fresh long positions added in the counter indicating bullish sentiment on the stock.

Overall investment suggests that overseas investors remained neutral in the F&O segment on December 26, the latest data available with the NSE.

However, they were net sellers to the tune of Rs 1,318 crore on stock futures while they bought about Rs 350 crore worth index futures and Rs 966.30 crore worth index options offsetting their selling in stock futures.

The heavy buying in index options suggests that they are expecting volatile condition.

Securities ban

Only Adlabs Films has attracted the trading ban on the NSE, as open interest positions crossed the 95 per cent of the market-wide position.

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