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Our Bureau

Chennai, May 9

Turnover tumbled to its lowest this month to Rs 28,943.79 core against Wednesday’s figure of Rs 33,563.9 crore. Nifty May future finished at 5093 against the spot close of 5081.7. It added about 8 per cent in open interest positions. Though the premium has come down against Wednesday’s premium of 16 points, Nifty May future saw quiet accumulation towards the closing hours of trading.

Among the options, Nifty 5000 put was the most active. The Nifty 5200 call and Nifty 5100 call were the other most counters. Among them, 5200 call saw shedding of open interest positions, indicating the emergence of call writers. This suggests traders expect strong resistance for Nifty at 5200.

Reliance, Tata Steel and Shree Renuka Sugars were the top 3 actively traded counters. The other active counters include Cairn India, DLF, Hindustan Development Infrastructure Ltd, Reliance Capital, Reliance Petroleum, Reliance Power and Idea Cellular.

May futures of DLF and HDIL saw accumulation of over 10 per cent in open interest positions. They also ended at higher premium with respect to their spot closes, indicating positive bias for the counter.

IFCI was the other counter which witnessed accumulation of 11 per cent or 50.94 lakh shares and closed at Rs 61.4 against the spot close of Rs 60.85.

However, Cairn India and Shree Renuka Sugars, which were in the limelight and saw steady accumulation in open interest positions over the last few days, shed about 11.58 per cent and 17.15 per cent respectively. This indicates that traders unwound their positions to book their profits. Reliance Capital and Tata Steel also witnessed higher accumulation and end in premium to the spot close.

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