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Our Bureau

Chennai, Feb. 21

Trading volume remained moderate at about Rs 43,400 crore in the F&O segment on the NSE on Thursday against Wednesday’s figure of Rs 43,987 crore.

On a volatile day, the Nifty February futures closed at 5182 against the spot close of 5191.8 – a discount of about 10 points with respect to the spot close.

The discount narrowed down sharply against Wednesday’s discount of about 30 points mainly on account of short-covering during the closing hours of trading. Besides, future and spot prices tend to converge towards expiry. The discount for Nifty March futures stood at 35.8 points that indicates lot of short positions were rolled over to next month.

The Nifty rollover of open interest positions was moderate at 19 per cent.

The other index futures — CNX IT and Bank Nifty, however, saw a low rollover of just 2 per cent.

Among the options, the Nifty 5200-call and 5100-put remained most active. This suggests that the Nifty might be confined to this narrow range.

Reliance Capital was the most active contracts among individual stock futures. The other active contracts include RNRL, Reliance Energy, Essar Oil, Reliance Industries, SAIL, RPower, SBI, Tata Steel and GMR Infra.

It seems a lot of accumulations was seen in RPower ahead of its board meeting, which is to consider the bonus issue. Rollover was quite healthy at 20 per cent. It added about 8 per cent in open interest on February contracts and another 15.65 per cent on March futures, indicating investors interest ahead of the bonus plans.

Foreign investors were net buyers to the tune of Rs 376.28 crore in the F&O segment on the NSE on Thursday. They bought about Rs 73 crore of index futures, Rs 163 crore of index options, Rs 134.46 crore of stock futures and about Rs 6 crore worth of stock options.

More Stories on : Derivatives Markets | Power | On the hedge

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