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Our Bureau

Chennai, June 5 Trading volume further improved in the F&O segment to Rs 51,017.9 crore against Wednesday’s figure of Rs 48,378.31 crore. However, Nifty future, which was trading discount to the spot close, moved into premium zone mainly on account of heavy short covering, particularly in the second-half of the trading day.

Nifty June future closed the day at 4679.1 against the spot close of 4676.5 but shed about 14.8 lakh shares or about 4 per cent in open interest positions.

As has been happening in recent times, Nifty options attracted heightened activity. Among them, Nifty 4500, 4600, and 4400 strikes were the most active; on the call side, Nifty 4800, 4700 and 4600 were in the active zone. Nifty 4400 put saw sharp accumulation in open interest positions; it added about 11.38 lakh shares in open interest. Nifty 4500 put and 4600 put also accumulation in open interest positions.

On the other hand, Nifty 4800 call higher accumulation of 4.98 lakh shares in open interest positions followed by 4600 call (2.98 lakh shares) and 4700 call (1.94 lakh shares).

The sharp accumulation in Nifty 4400 put and Nifty 4800 call indicate the range in which Nifty could trade in the next few trading sessions.

Reliance Industries was the most active counter followed by Reliance Petroleum and ONGC. The other active counters include Reliance Capital, Tata Steel, DLF, Essar Oil, Infosys and Cairn India.

Among them, ONGC and Reliance Capital were in the limelight with the former gaining 7.91 per cent and the latter 8.73 per cent. Both saw accumulation in open interest positions. While ONGC was trading in discount to the spot close, Reliance Capital ended with premium.

Despite sharp fall, Reliance Industries added 12.3 lakh shares in open interest positions.

Foreign institutional investors remained net buyers to the tune of Rs 1054.53 crore in the F&O segment. However, they were net sellers by Rs 1,418.34 crore in the cash segment, according to NSE’s provisional data.

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