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Our Bureau

Chennai, Aug. 18 Trading volume tumbled in listless trade on Monday at the F&O segment on the NSE. Turnover stood at Rs 39,680.22 crore against Thursday’s figure of Rs 47,643.15 crore. The Nifty August future closed the day at 4407 against the spot close of 4393.05. It added about seven per cent in open interest positions, particularly during the second-half of the trading. The premium for Nifty August future widened to about 14 points against Thursday’s premium of about just five points, mainly on account of short-covering.

Among the options, Nifty August 4500 call and Nifty August 4400 put were the most active. The other active option was Nifty 4400 call. While the Nifty 4400-call added about 34 per cent in open interest positions, the Nifty 4500-call and 4400-put witnessed only marginal accumulations.

The India VIX or fear gauge, which measures the immediate expected volatility in the market, increased to 36.54 from Thursday’s VIX of 35.24, indicating the cautious mood of market participants. During the intra-day it touched a high of 53.83.

Reliance Industries was the most active followed by Reliance Capital and Reliance Petroleum. Most of the counters witnessed smart accumulation in open interest positions. Besides, almost all these active counters ended in premium with respect to their spot closes.

Foreign institutional investors turned net buyers in the F&O segment on Monday. They were net buyers to the tune of about Rs 430 crore. While they were net buyers in index futures by Rs 32.73 crore and index options by Rs 424.85 crore, FIIs remained net sellers in stock futures (Rs 24 crore) and stock options (Rs 3 crore).

However, in the cash segment, overseas investors remained net sellers to the tune of Rs 475.5 crore on Monday, according to a provisional data on the NSE.

More Stories on : Derivatives Markets | On the hedge

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