The Hindu Business Line : Shree Renuka Sugars hogs limelight

Chennai, June 17 Trading volumes remained moderate at the F&O segment on the NSE at Rs 42,624.38 crore against Monday’s turnover of Rs 40,166.83 crore. Nifty June future discount widened to about 18 points against Monday’s discount of about two points, indicating the accumulation of fresh short positions. The Nifty June future closed at 4634.7 and the July future at 4621.25 against the spot close of 4653.

Rollover of open position at 8.8 per cent is yet to pick up for Nifty futures.

Among the options, Nifty June 4600 call saw sharp accumulation in open interest positions. Nifty 4500 and 4600 put also witnessed accumulation in open interest positions. In July month series, puts – 4600, 4400, 4200 strikes – sharp build up in open interest positions, indicating negative bias of the market for next month.

Stock futures

Reliance Industries was the most active counter followed by Reliance Petroleum, Ranbaxy, Reliance Capital and Tata Steel.

Shree Renuka Sugars June future was the star performer among them. It gained close to 9 per cent to end at 108.45 against the spot close of 108.5. However, it shed 10.3 lakh shares in open interest positions, while cost-of-carry remained positive. The July future ended at 109.2 indicating rollover of long positions.

While Reliance, RPL, Reliance Capital and Tata Steel added open interest positions, DLF, SBI, Larsen and Toubro and Chambal Fertlisers witnessed drop in open interest positions.

FIIs buying

Foreign institutional investors’ were net buyers to the tune of Rs 951.23 crore in the F&O segment on Tuesday. While they were net buyers to the tune of Rs 677 crore on index futures, Rs 292.13 crore on index options, they turned net sellers to the tune of about Rs 50 crore on stock futures.

In the cash segment also they were net buyers to the tune of Rs 142.35, according to the NSE provisional data.

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