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Our Bureau

Chennai, Aug. 7 Trading volumes slipped to Rs 49,917.63 crore against Wednesday’s turnover of Rs 61,180.08 crore. The Nifty August future closed at 4531.6 against the spot close of 4523.85; the premium was almost nil on Wednesday, but it widened marginally.

Among the options, Nifty 4600 call and the Nifty 4500 put were the most active. The former added about 12 per cent in open interest positions, while the open interest jumped 34 per cent for the latter. This indicates strong resistance for Nifty future at 4600.

India VIX or NSE Volatility index improved marginally to 35.67 from Wednesday’s 34.92, indicating narrow movement for the market.

Reliance was the most active counters. Most of the active counter saw their premium widening bit, indicating accumulation of long positions.

Ranbaxy saw intense activity as traders betting on reverse arbitrage opportunities. While buying was seen Ranbaxy August futures, the September series on Ranbaxy saw selling. This was on expectation of a decline in Ranbaxy September series after the open offer getting completed.

Foreign institutional investors turned net sellers to the tune of Rs 225.81 crore in F&O segment on Thursday.

More Stories on : Derivatives Markets | On the hedge

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