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Our Bureau

Chennai, July 23 Turnover on Wednesday jumped to Rs 68,010.68 crore in the F&O segment against Tuesday’s turnover of Rs 54,100 crore. All the three contracts – July, August and September – on Nifty closed in premium against the spot close.

While the Nifty July future closed at 4490.7 against the spot close of 4476.8, the August and September Nifty futures ended at 4491 and 4486.35, indicating the change of sentiment for the market. Addition of fresh long positions in Nifty August and September futures was seen, particularly in the mid-afternoon session.

Among the options, Nifty 4400 and 4500 calls were the most active. While the former shed open interest, the latter witnessed a marginal increase. This indicates profit taking on intra-day itself.

On the put side, 4300 strike was the most active and it added 44 per cent in open interest positions, particularly in the closing hours of trading, suggesting that some traders are hedging their long futures position.

Reliance was the most active followed by Reliance Petroleum, Reliance Capital, RNRL, RCom and Tata Steel.

ADAG group counters maintained their momentum on Wednesday as well. Reliance Capital future ended with a gain of 14.2 per cent at 1350.7 against the spot close of 1350.95. It, however, shed about 14 per cent in open interest positions, indicating closing out of long positions.

RCom futures closed at 527.1 against the spot close of 525.7. It also shed open interests.

RNRL, however, added about 31-lakh shares in open interest and closed at 90.85 against the spot close of 90.35.

Reliance Infrastructure closed at 1,019.85 against the spot close of 1,016.7, but shed open interest positions.

The active M-DAG contracts – Reliance Industries and Reliance Petroleum too gained. The former closed at 2277.7 against the spot close of 2267.30. The latter shed about 17.3- lakh shares in open interest and ended at 171.9 against the spot price close of 170.9.

Overseas investors remained net buyers to the tune of Rs 2,005.73 crore in the F&O segment on Wednesday, mainly on account of their heavy buying on index futures to the tune of Rs 2,398.6 crore.

More Stories on : Derivatives Markets | On the hedge

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