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Our Bureau

Chennai, Aug. 13 Trading volume declined to Rs 43,947 crore on Wednesday against Tuesday’s figure of Rs 52,461.81 crore. The Nifty August future closed at 4550.7, which is about a 20-point premium over the Nifty spot close of 4529.05. It added about 7.43 per cent in open interest, particularly in the second-half of the trading sessions, probably expecting some positive announcement from SEBI board meet.

Among the options, Nifty 4600 call was the most active. The other active options include Nifty 4500 put, Nifty 4700 and 4500 calls. Nifty 4600 and 4500 call saw accumulation in open interest positions, suggesting that market players are expecting positive breakout for the Nifty.

The Nifty NSE or Volatility Index increased marginally to 34.76 against the previous day close of 33.89.

Reliance Industries was the most active counter followed by Reliance Capital, RNRL, SBI and ICICI Bank. Most of the actively traded stock futures witnessed sharp accumulation in open interest positions. Among them, Reliance Industries (4.45 per cent ), RNRL (10.65 per cent), ICICI Bank (6.3 per cent), L&T (6 per cent) and Reliance Capital (4.8 per cent ) added heavy open positions. Besides, many of these counters also ended in premium with respect to the spot close, pointing positive bias for the market.

However, DLF August future, which saw an addition of about 4 per cent in open interest positions, closed in discount at 544 against the spot close of 548.25.

Chambal Fertilizers, which witnessed sharp accumulations in open interest positions on Tuesday, shed about 4 per cent and closed at 83.8 against the spot close of 82.9.

Foreign institutional investors remained net sellers to the tune of Rs 908 crore in the F&O segment. They were net sellers to the tune of Rs 550 crore on index futures, about Rs 203 crore on stock future and about Rs 149 crore on index options.

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