The Hindu Business Line : NTPC July futures see higher short rollover

Turnover topped the Rs 80,000-crore for the first time since January crash in the F&O segment on the NSE to Rs 81,001.29 crore. The NSE June future remained in a discount to the spot close. It closed at 4245 against the spot close of 4252.65. However, the discount was steep in the case of Nifty July future, which ended at 4205.35, indicating rollover of short positions.

Rollover of open interest positions to July month series picked up sharply to 63 per cent.

Among the options, Nifty July 4200 and 4300 calls were the most active with 15.2 lakh shares and 18.5 lakh shares being kept in as open interest positions. On the put side, 4000-strike was the most active followed by 4200 and 4100 strikes. The 4100-put has the highest open positions at 17.5 lakh shares. India VIX or NSE volatility has been steadily climbing and ended the day at 36.46 against the previous day’s close of 34.05.

Stock futures

Reliance Industries was the most active followed by Reliance Power, Reliance Capital, Tata Steel, Infosys, RCom and NTPC.

Among them NTPC July futures saw accumulation of 95.89 lakh shares in open interest and closed at 152.30, a drop of 0.16 per cent over the previous day’s close, but in discount to spot close of Rs 156.75. This indicates that lot of short positions have been rolled over. The NTPC June future closed at Rs 156.

FII activity

Overseas investors remained net buyers to the tune of Rs 110.72 crore in the F&O segment on Wednesday. They were net buyers in index futures by Rs 1,099.5 crore but sellers in index options (Rs 720.13 crore) and stock futures (Rs 14 crore).

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