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Our Bureau

Chennai, May 14

Trading volume tumbled to Rs 32,919.78 crore on Wednesday at F&O segment on the NSE against Tuesday’s figure of Rs 38,108 crore. Nifty May future, which closed at 5017.7 against the spot close of 5011.75 shed about 4 per cent in open interest positions.

Among the options, Nifty 5000 call and put were the most active. While the 5000-call added about 5.36 per cent in open interest positions, the put shed about 1.36 per cent, indicating a possible positive opening for the market on Thursday.

NSE volatility index or VIX also declined to 29.22 against Tuesday’s figure of 33.43, capturing the positive mood of the market participants. VIX is a good indicator of the investors’ perception on how volatile markets are expected to be in the near term. When the market is range-bound or has a mild upside bias, volatility is globally observed to be typically low. On such days, call option buying (A position taken on the view that the market will move higher) generally outnumbers put options.

Reliance Petroleum was the most active among individual stock futures. The other active counters include Reliance Industries, Tata Steel, Satyam Computer, Infosys Technologies and Cairn India.

Among them, Reliance Petroleum and Reliance Industries continued to witness drop in open interest positions, signally cautious outlook on them.

However, Tata Steel added 9.69 per cent in open interest positions and closed at Rs 890.45 in premium with respect to the spot close of Rs 886.10.

While Satyam Computer saw an addition of 3.72 per cent in open interest positions, Infosys Technology shed about 1.15 per cent in open interest positions. The cost-of-carry for Infosys is also negative, indicating a cautious outlook for the stock.

Foreign investors turned net sellers to the tune of Rs 254.95 crore in the F&O segment on the NSE on Wednesday.

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