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Our Bureau

Chennai, Feb. 25 Turnover picked up in the F&O segment on Monday to Rs 51,314.54 crore against Friday’s figure of Rs 36,386.23 crore. In fact, for the first time in February, the turnover crossed the Rs 50,000-crore mark.

Nifty saw rollover of 36 per cent to March month series, while the rollover of open interest position for the entire market stood at 30-32 per cent.

Nifty February future closed in premium at 5209.6 against the spot close of 5200.70, while the Nifty March future ended in discount at 5181.75. This indicates that lot of short-positions was rolled over to the March month.

The 5200-strike and 5100-strike of call options were actively traded while among the puts, the 5000-strike was the most active.

Reliance was the most active contract among stock futures. The other active counters include RNRL, Reliance Energy, RPower, Reliance Capital, Essar Oil, Reliance Communications, ICICI Bank and Tata Steel.

RPower and Reliance Industries were the star performer among them.

Reliance Industries witnessed a rollover of 31 per cent in open interest positions, particularly during the closing hours.

The Reliance Industries February future closed at Rs 2,553.3 against the spot close of Rs 2,551.45. The Reliance March future closed at Rs 2,562.55. This indicates a healthy rollover of long positions in Reliance Industries, which present a positive outlook for the stock.

The bonus announcement lifted the RPower counter too. The counter saw a healthy rollover of 40 per cent in open interest positions to March month. The February contract close at Rs 449.2 and the March contract at Rs 447.85 against the spot close of Rs 450.70. This indicates that many short positions were rolled over.

Foreign institutional investors’ remained net buyers in the F&O segment on Monday to the tune of Rs 664.42 crore. They mainly bought index options (to the tune of Rs 475.18 crore), indicating that they expect volatile trading pattern.

FIIs were net buyers to the tune of Rs 179.85 crore on index futures while they remained neutral on stock futures (Rs 5.35 crore) and on stock options (Rs 4.04 crore).

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