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Our Bureau

Chennai, April 15

Turnover jumped sharply in the F&O segment on the NSE on Tuesday to Rs 46,369 crore against Friday’s figure of Rs 41,003.92 crore. The turnover improved mainly on account of interest in index options, which accounted for Rs 10,598 crore against Friday’s Rs 7,546 crore. Activity picked up in stock futures too to Rs 16,556 crore (Rs 13,276.5 crore).

Nifty April future closed at 4897.15, a premium of 17.5 points against the spot close of 4897.15. The premium was steeper in the case of Nifty May future, which closed the day at 4902.95. This indicates that lot of fresh long positions have been added in the mid-month contract.

About 19 per cent of open interest positions has been rolled over to the next month series.

Reliance Industries was the most active counter.

The other active counters include Reliance Petroleum, Infosys Technologies, Orchid Chemicals, RNRL, Essar Oil and Reliance Capital.

Infosys Technologies April future, which gained 5.54 per cent over Friday’s close, shed over 21 per cent in open interest positions. It closed at Rs 1,506.85 against the spot close of Rs 1,510.40.

This indicates addition of fresh short positions.

On the other hand, Essar Oil April future jumped 9 per cent to close at Rs 262.85 and added 14 per cent in open interest positions.

The stock closed at Rs 261.90. This reflects traders’ interest in the counter as they build fresh long positions.

Foreign institutional investors remained net buyers to the tune of Rs 1,709.75 crore on Tuesday, mainly on the back heavy buying in index futures (net buying at Rs 1,128.87 crore) and on index options (Rs 499.66 crore).

However, they were net sellers to the tune of Rs 56.52 crore in the cash segment, according to a provisional data provided by the NSE.

More Stories on : Derivatives Markets | On the hedge

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