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Our Bureau

Chennai, July 7 Turnover remained moderate at Rs 44,634 crore in the F&O segment on Monday. However, discount widened sharply to 49.5 points, suggesting creation of fresh short positions, particularly in the second-half of the trading session.

The Nifty July future closed the day at 3980.5 against the spot close of 4030 and added 3.22 lakh shares in open interest.

Among the options, Nifty 4000 put and Nifty 4200 call were the most active. While the former added about 13.3 lakh shares, the latter shed about 2.05 lakh shares in open interest. Besides, Nifty 4300 call witnessed a drop of 9.09 lakh shares in open interest and 4400 call shed 8.45 lakh shares in open interest. This indicates the strong emergence of call writers and presents a negative outlook for the stock.

India VIX or NSE Volatility index, which measures the expectation of volatility in the near term, increased marginally to 37.09 points against Friday’s close of 35.67.

Reliance Industries was the most active counter followed by RPL and Reliance Capital. However, Tata Steel presented a rather negative outlook. Open interest positions witnessed fall of 4.19 lakh shares and it ended in steep discount at Rs 636.6 against the spot close 651.9.

RNRL also saw a sharp fall of 22 lakh shares in open interest but closed at Rs 65.65 against the spot close of 65.4.

ICICI Bank too witnessed a sharp fall of 6.9 lakh shares in open interest positions and ended in steep discount at 593.9 against the spot close of 605.15.

Foreign investors remained net buyers to the tune of Rs 120 crore in the F&O segment on Monday.

However, they were net sellers in index futures by Rs 216 crore.

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