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Our Bureau

Chennai, April 29 Turnover picked up quite sharply in the F&O segment to Rs 41,819.49 crore on Tuesday against Monday’s figure of Rs 25,459 crore.

Lot of fresh long positions have also been added both on the Nifty and on individual stock futures signalling the return of optimists.

Nifty May future ended at 5218.45, a premium of about 23 points over the spot close of 5195.5. It added about 5 per cent in open interest positions.

Among the options, Nifty 5200 call and Nifty 5000 put remained active.

While accumulation in 5000 put indicates support level for the Nifty, 26 per cent rise in open interest positions on 5200 call paints that lot of traders turn positive on the market.

Nifty CNX IT future was the best performer among the index space. The May future gained 5 per cent to close 4330.80 against the spot close of 4318.60 and added about 26 per cent in open interest positions. Among IT space, Infosys was the star performer, which added over 12 per cent in open interest positions and closed at 1730.95 against spot close of 1749.55.

Momentum counters Reliance Petroleum, RNRL, Sesa Goa and DLF witnessed strong activity.

Among them Sesa Goa and DLF May futures hogged the limelight. While Sesa Goa May future surged 12.25 per cent, DLF jumped 8.61 per cent.

However, both saw only a moderate accumulation in open interest positions.

RPL, RNRL and Reliance Capital also witnessed accumulation in open interest and added good premium to their spot closes, indicating positive bias.

Overseas investors remained net buyers in the F&O segment on Tuesday to the tune of Rs 802.64 crore.

While they were net buyers on index futures and index options, they remained net sellers on stock futures and stock options.

More Stories on : Derivatives Markets | On the hedge

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