The Hindu Business Line : Cairn India adds 42% in open interest positions

Chennai, May 12 Turnover improved to Rs 41,000.8 crore in the F&O segment on the NSE against Friday’s figure of about Rs 35,000 crore. Thanks to short-covering, particularly during the last half-an-hour, the NSE Nifty ended in black. The Nifty may future closed at 5022 against the spot close of 5012.65. However, it shed about 4 lakh shares in open interest.

Among the options, Nifty 5000 May call was the most active followed by Nifty 4800 June put. The latter added a whopping 143 per cent or 18.28 lakh shares in open interest positions indicating the negative bias of the market. Nifty 4900 May put saw sharp accumulation indicating, the immediate support level.

Stock futures

Reliance Petroleum was the most active followed by Reliance Industries, Cairn India, Reliance Capital, Infosys Technologies, Tata Steel and Essar Oil. However, Cairn was the star among them. It, in fact, added about 42 per cent or 23.66 lakh shares in open interest positions and closed at Rs 302.5 against the spot close of Rs 301.75. However, the cost-of-carry of negative 3.44 per cent is the worrying factor.

Among the counters which saw sharp accumulation include Reliance Industries, Infosys Technologies and DLF. RPL and RNRL witnessed drop in open interest positions.

More Stories on : Derivatives Markets | On the hedge

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Corporate developments

Joining the bandwagon

BSE Mid-cap, Small-cap stocks end in red

Shipping stocks remain firm despite banning of chartering of vessels

IIP numbers resurrect concerns for India Inc

Cairn India adds 42% in open interest positions

Trikona Trinity to divest part of its portfolio

CESC (Rs 489.55): Buy

Day Trading Guide