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Our Bureau

Chennai, June 9 Turnover jumped sharply to Rs 58,333.52 crore in the F&O segment on the NSE on Monday even as the NSE future witnessed sharp fall. The Nifty June future closed at 4466.60 against the Nifty spot close of 4500.95. It saw a marginal addition of 5.81 lakh shares in open interests that indicate a lot of traders, who went short in the opening session, have squared-off their positions during intra-day itself.

Cost-of-carry turned deep into the negative at 25.47, suggests traders lack of will to carry over their positions, fearing loss.

The India VIX also increased to 32.43 from Friday’s figure of 26.46. This also paints a negative picture, as lot of traders have added put positions expecting a further fall in the market.

Among the options, Nifty 4500 call and put were the most active. The other active options include Nifty 4400 put, Nifty 4700 call.

While Nifty 4500 put saw some shedding in open interest, indicating profit broking, Nifty 4500 call and Nifty 4200 put saw sharp accumulations. While the latter addition of 23 lakh shares, the 4500 call added 24 lakh shares. This indicates that Nifty might move in this range in the coming days.

Reliance Industries was the most active among individual stock futures followed by Reliance Petroleum, Cairn India, RCom and Tata Steel. Despite sharp fall most of the counters added open interest positions. However, a few such as Reliance Communications, Tata Steel and Reliance Capital witnessed drop in open interest positions.

Among them individual counters Reliance Petroleum and Cairn India stole the limelight as both gained in excess of about 3 per cent. However, Cairn India future closed in sharp discount at Rs 293.65 against the spot close of Rs 299.55.

The foreign institutional investors remained net buyers to the tune of Rs 304.71 crore in the F&O segment on the Monday. However, they continued their selling in the cash segment, where their net selling stood at Rs 1,344.67 crore on Monday, according to the provisional data provided by the NSE.

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