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Our Bureau

Chennai, July 24

Turnover remained healthy at Rs 58,129.42 crore against the Wednesday’s turnover of Rs 68,010.68 crore. The Nifty July future premium narrowed down marginally to 10 points against Wednesday’s premium of about 14 points. The July future closed at 4443.1 against the spot close of 4433.55, while the August future ended at 4443.95. Both the futures added fresh long positions, though the July future also witnessed some unwinding of long positions.

The Nifty 4500 call and Nifty 4300 put were the most active among options. Both added quite healthy open interest positions. Besides, Nifty 4400 and 4600 call also turned active, while among the put, 4300 strike too witnessed smart activity. This indicates that traders are confused as to which side the Nifty is heading and hence they are accumulating positions on both the puts and calls.

The India VIX or NSE Volatility index, which measures the fear in the market, also jumped to 40.29 points as traders are accumulating more puts to prepare themselves for any fall.

Reliance Industries was the most active followed by RNRL and Reliance Capital.

RPower witnessed a sharp drop of about 10-lakh shares in open interest and ended at 175.2 against the spot close of 176. Accumulation of fresh short position and unwinding of long position were seen in the counter.

Reliance Industries added about 6 per cent or 3.81-lakh shares in open interest and closed at 2311.8 against the sot close of 2308.05. Cost-of-carry also remained positive, suggesting positive bias for the stock.

ICICI Bank added about 15 per cent or 13.4-lakh shares in open interest but ended in discount at 727.4 against the spot close of 730.2, indicating fresh creation of short positions,

Foreign institutional investors remained net buyers to the tune of Rs 39.32 crore in F&O segment. Though FIIs were net buyers in index futures, they have offloaded index options, stock futures and stock options.

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