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Our Bureau

Chennai, July 10 Turnover dipped to Rs 35,645 crore in a listless day, against Wednesday’s figure of Rs 47,907 crore. Discount narrowed down further for Nifty July future on account unwinding of short-positions.

The Nifty July future closed the day at 4146.15 against spot close of 4162.20, a discount of about 16 points.

Among the options, Nifty 4200 call and Nifty 4000 put were the most active. While the call added about 1.67 lakh shares in open interest, the latter accumulated 2.9 lakh shares.

The overall open interest for Nifty 4000 put stood at 47.89 lakh shares indicating that trades are still expecting some downfall.

India VIX, which measures the near-term expected volatility, fell to 32.17 from 34.27 points, indicating some positive cues for the market participants.

Among the stock futures, Reliance Industries was the most active, followed by Reliance Petroleum and Reliance Capital.

Infosys, which is scheduled to announce its quarterly numbers, added 2.87 lakh shares in open interest. The July futures also ended in premium at 1814.4 against the spot close of 1805.25. Besides, Infosys saw sharp spurt in trading activity in call options, presenting positive bias for the counter. Among them, 1800 call was the most active and has about 4.85 lakh shares in open interest positions.

Counters such as Tata Steel and DLF rule in sharp discount with respect to the stock close, indicating negative bias for the stock. On the other hand, Reliance Industries was ruling in premium but shed open positions marginally.

More Stories on : Derivatives Markets | On the hedge

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