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Our Bureau

Chennai, Jan. 9 Trading volume dipped marginally on a high volatile day. The Nifty January futures, which dipped marginally by 0.13 per cent, stills trails the spot Nifty by 7.40 points. At Tuesday’s close, the discount was about 15 points. The Nifty January futures added just about one per cent in open interest positions that indicates lot of open positions were squared-off during intra-day itself.

Cost-of-carry turned mildly positive and annualised volatility also dipped marginally indicating calm trade ahead. The most active options are 6300-call and 6200-put indicating the resistance and support for the Nifty.

RNRL was the most active counters among the stock futures. Other active counters include Reliance Capital, Reliance Energy, Reliance Communication, NTPC, HDIL, Reliance Industries and Reliance Petroleum.

RNRL, which was in the limelight for the last couple of days, tumbled by seven per cent. Open interest positions also declined two per cent suggesting waning of market interest in the counter. RPL, which attracted trading ban on Tuesday as its open interest positions crossed the 95 per cent mark of market wide position, also tumbled by 6.35 per cent. Open interest positions declined by 7.55 per cent. The trading ban on RPL continues, according to the NSE.

However, today’s star performer was HDIL. The HDIL January futures went up 11.78 per cent though it saw decline in open interest positions. The drop in open interest could be due to profit-taking during intra-day as the price shot up to Rs 1,388 but closed at Rs 1,362.35 against Tuesday’s price of Rs 1,218.75

Overseas investors remained net sellers to the tune of Rs 137.42 crore in the F&O segment on January 8, the latest data available with the NSE. However, they were net sellers in index futures of about Rs 629 crore while they bought Rs 232-crore worth stock futures, reversing their recent trend.

Apart from Reliance Petroleum, the NSE maintained its trading ban on Adlabs Films, Aptech, Arvind Mills, Bindal Agro, Bongaigaon Refineries, GMR Infrastructure, Hindustan Oil Exploration, Hotel Leelaventure, IFCI, Ispat Industries, IVR Prime, Nagarjuna Fertilisers, Parsvnath Developers, Rajesh Exports, SRF and Tata Tele Maharashtra.

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