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Our Bureau

Chennai, Feb. 20 Turnover improved in the F&O segment on the NSE on Wednesday to Rs 43,987 crore against Tuesday’s figure of Rs 36,397 crore.

The Nifty February future ended at a discount of about 30 points against Tuesday’s discount of 19 points on account of fresh short positions. Constant build up of short positions was seen through out the day. The Nifty February futures closed at 5124 against the spot Nifty close of 5154.45.

Traders sold heavily due to a reluctance to carry forward positions. Rollover of open interest positions from February series to March on Nifty futures was about 12 per cent.

While 5200-strike was the most active among call options, 5000-strike was the most active among put options, suggesting the range for Nifty movements.

The top 10 contracts contributed to around 42 per cent of the total traded volume in futures on individual securities

Reliance Capital, Reliance Natural Resources, Essar Oil, Reliance Energy, Reliance Industries, SAIL, Reliance Communications, Jaiprakash Associates and Tata Steel were the most active February contracts. Among them, only Essar Oil February future finished in the green while Reliance Capital and Essar Oil saw accumulations of open interest positions.

The February futures of Reliance Capital, Essar Oil and Reliance Energy ended in premium with respect to the spot close.

However, Reliance Industries, SAIL and NTPC finished in discount indicating accumulation of fresh short positions.

After remaining net buyers for the last few days, overseas investors turned net sellers in F&O segment on Wednesday. They were net sellers to the tune of Rs 527.15 crore.

While their net selling stood at Rs 708 crore on index futures, they remained net buyers to the tune of Rs 177.41 crore on index options and Rs 6.51 crore on stock futures though they sold about Rs 3 crore in stock options.

According to the provisional data, FIIs were net sellers to the tune of Rs 266.44 crore in the cash segment.

More Stories on : Derivatives Markets | On the hedge | Foreign Institutional Investors

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