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Our Bureau

Chennai, Jan. 1 The first trading day of the year saw subdued trading in the F&O segment on the NSE, as turnover stood at Rs 49,163 crore. Nifty January future also fluctuated in a narrow range of 6180-6120 and ended with a marginal fall of 0.11 per cent. It, however, saw an accumulation of about two per cent in open interest and closed in premium of 12.45 points with respect to the Nifty spot close.

The Nifty January future commanded a higher premium of about 25 points at Monday’s close. The narrowing down of premium indicates creation of short-positions, particularly during the last hour of the trading.

Reliance Energy was the most active counters followed by Essar Oil, RNRL, RPL and MTNL. Among them, MTNL was the star performer. The MTNL January future finished with a gain of 7.5 per cent and added 12.65 per cent in open interest positions. IT closed at Rs 210.55 against the spot close of Rs 207.90, indicating additions of lot of long positions.

Reliance Energy January future flared up by 5.8 per cent but open interest positions fell by about 4 per cent. It closed at Rs 2,301.05 against the spot close of Rs 2,278.55.

IFCI maintained its momentum as its January future finished with a gain of 2.3 per cent at Rs 96.65 against the spot close of Rs 96.05.

Foreign institutional investors’ remained net sellers on December 31, the latest data available with the NSE. They were net sellers to the tune of Rs 340.52 crore on index futures and Rs 867.17 crore on stock futures while they were net buyers to the tune of Rs 88 crore on index options.

The NSE has suspended the trading on Arvind Mills, Essar Oil, Hindustan Oil Exploration, Parsvanath and Rajesh Exports, as open interest positions in these counters crossed the 95 per cent of the market-wide limit.

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