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Our Bureau

Chennai, Feb. 6

Turnover improved on the NSE in the F&O segment to Rs 42,235 crore, though the figure was much lower compared with the one-month average. The Nifty February future’ discount widened to 25.8 points against the Nifty spot close , mainly on account of some fresh short positions. It which was trailing the spot Nifty by just about three points on Tuesday.

The Nifty Feb future closed at 5296.75 against the spot close of 5322.25 and added about 9.5 per cent in open interest positions.

Among the options, Nifty 5500 call and Nifty 5000 put were most active. This indicates that Nifty faces strong resistance around 5500 and support at 5000 levels.

RNRL was the most active counter; RNRL February future jumped 4.9 per cent to 162.10, in premium to the spot close of Rs 161.50. Open interest improved marginally by about 3.5 per cent.

Apart from RNRL, the other active counters are Reliance Energy, Reliance Capital, Reliance Industries, Reliance Communications, Jindal Steel and Reliance Petroleum. Among them, Reliance Energy and RCom were managed to end the day in green but witnessed drop in open interest positions.

After remaining in the buy side for the last few days, foreign institutional investors switched to sell button again. They were net sellers to the tune of Rs 2,082.15 crore on Wednesday. They net sold Rs 1,728.59 crore worth index futures and Rs 428.65 worth stock futures, though they remained net buyers to the tune of Rs 75.19 crore on index options. According to the provisional data, they were net sellers to the tune of Rs 485.94 crore in the cash segment.

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