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Our Bureau

Chennai, Aug. 20 Trading volumes declined to Rs 38,567.7 crore on Wednesday in the F&O segment on the NSE against Tuesday’s turnover of Rs 43,426.67 crore. The Nifty August future closed at 4442.35 against the spot close of 4415.75; the premium narrowed down marginally to 26.6 points against Tuesday’s premium of 32.75 points. This was mainly on account of unwinding of long positions, particularly during the closing hours of trading, as traders booked profits. The rollover of open interest positions to Nifty September series is yet to pick, and was just at 8 per cent so far.

Among the options, the Nifty 4500 and 4400 calls and the Nifty 4400 put were the most active. Among them, the Nifty 4400 call saw sharp accumulation in open interest positions, while the other two witnessed only a marginal increase in open interest positions. Strong emergence of call writers was seen at 4500-strike, indicating that market players don’t seem to be expecting the Nifty touching 4500 soon.

The NSE volatility index or India VIX declined marginally to 33.95 against the previous day’s close of 34.92.

Reliance Industries was the most active followed by Reliance Capital, RNRL and Shree Renuka Sugars. While Reliance Petroleum and ICICI Bank witnessed decline in open interest positions, most other counters saw accumulation in open interest positions.

Reliance Capital saw a sharp accumulation of about 7 per cent or 3.21 lakh shares in open interest position. The Reliance Capital August future ended at 1309.05 against the spot close of 1305.25, pointing a positive bias for the stock.

The other counter that saw sharp accumulation was Tata Steel (7.8 per cent), whose August future ended at 610.3 against the spot close of 605.7.

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