The Hindu Business Line : Orchid, Ranbaxy see jump in open positions

Trading volume dipped further in the F&O segment to Rs 45,775 crore against Tuesday’s turnover of Rs 53,893.3 crore. Nifty June future saw accumulation of fresh short positions, particularly in the later part of the day. The discount of Nifty June future widened to 27.2 points as against Tuesday’s discount of about 9 points.

Besides Nifty puts — 4500, 4400 and 4300 strikes — saw sharp jump in open interest positions. On other hand, Nifty 4600 and 4500 calls saw decline in open interest positions. This suggests negative view on the market.

India VIX or NSE volatility, however, present a positive outlook. The index dropped marginally to 29.64 points against Tuesday’s close of 30.23. It touched a high of 39.23 and a low of 19.53 during intraday.

Stock futures

Ranbaxy was the most-active counter. The other active counters include Reliance Industries, DLF, Reliance Petroleum, Tata Steel and Reliance Capital.

Among them, Ranbaxy and Orchid Chemicals hogged the limelight. The latter’s June future jumped 12 per cent and added 6.64-lakh shares or 31.67 per cent in open interest positions. It closed at 258.7 against the spot price of 260.8, which is negative for the stock.

Ranbaxy closed marginally lower but added 14.52-lakh shares in open interests and closed at Rs 561.6 against the spot close of Rs 561.60.

Foreign institutional investors remained net buyers to the tune of Rs 1,352 crore in the F&O segment on Wednesday on the NSE.

More Stories on : Derivatives Markets | On the hedge

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

Stories in this Section
Corporate developments

Sponge iron unit sale positive for Grasim

PSL: Buoyant order flows spell strong revenue visibility

Griffin Chemicals witnesses abnormal re-listing

Ranbaxy: ‘Bought on rumour and sold on news’

Orchid, Ranbaxy see jump in open positions

Crompton Greaves (Rs 251.55): Buy

Day Trading Guide

Repo rate hike: Analysts expect market to open weak today