Business Daily from THE HINDU group of publications
Friday, Apr 04, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Apr 04, 2008 ePaper | Mobile/PDA Version |
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Markets
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Derivatives Markets Columns - On the hedge
Our Bureau Chennai, April 3 Turnover slipped further in the F&O segment on the NSE on Thursday to Rs 32,513.16 crore, which is the lowest since February 18. Lack of clear direction seemed to have put away traders from the dealing rooms. The premium for NSE April future widened to about 13 points against Wednesday’s premium of about three points. Among the options, 4800-strike was the most active, indicating that the Nifty might hover around these levels. Stock futuresReliance Industries topped list among the active list. It was followed by BHEL, Reliance Petroleum, Reliance Capital, Essar Oil, SAIL, Suzlon, Larsen & Toubro, RNRL and Reliance Energy. Among them, Reliance Energy, BHEL and Larsen & Toubro ended in deep discount to their respective spot prices. Essar Oil saw fresh accumulation of 14.75 per cent in open interest positions and closed firm at Rs 224.35 against the spot price of Rs 223.65. BHEL April future, which closed weak at Rs 1763.55, against the spot close of Rs 1,752.75, also added about 13.86 per cent in open interest positions. There was also some short-covering in BHEL counters that lifted it from the day’s low. FIIs buyersOverseas investors remained net buyers to the tune of Rs 132.39 crore, mainly on account of their heavy buying in index futures. More Stories on : Derivatives Markets | On the hedge
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