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Our Bureau

Chennai, Jan. 28 Turnover has been abysmally low at the F&O segment on the NSE ever since the market witnessed sharp fall last Monday.

Today, the NSE recorded a turnover of Rs 43,396 crore in the F&O segment; it used to witness a turnover of over lakh crore during the settlement week during previous occasions.

The drop in turnover was due to two reasons: a) The recent fall has robbed many investors’ money and b) not many brokerages are encouraging investors, particularly retail one to participate in the market at this volatile movement fear of margin call.

About 38 per cent of Nifty future positions were rolled over to February series. Nifty January future was closed a tad discount at 5270.05 against the Nifty spot close of 5274.

The discount was steep in case of Nifty February future, which ended the day at 5252.90.

This indicates that lot of short positions were rolled over to new series.

Reliance Energy was the most active counter followed by Reliance Industries, RNRL, Reliance Capital and Essar Oil. Among February series, Reliance was the most active counter.

However, Essar Oil was the star performer on with its January Future gaining 5.68 per cent.

Though Jan future shed about 15.4 per cent in open interest position, its February future saw an accumulation of 268 per cent in open interest positions. This indicates strong underlying bullish sentiment on the stock.

While SBI stock closed a tad better at Rs 2,313.35, the SBI January future closed at Rs 2,305.50, a decline of 4.3 per cent.

Open interest also declined for January contracts. However, SBI February futures saw addition of 35.46 per cent in open interest and closed in premium with respect to the spot close at Rs 2,318.2.

Rajesh Exports continued to remain under trading ban in the F&O segment, as open interest positions crossed the stipulated 95 per cent of the market-wide limit.

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