• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai, Sept. 1 Turnover dipped sharply in the F&O segment on the NSE to Rs 37,943.16 crore against Friday’s figure of Rs 43,170.27 crore. However, the Nifty September future, which trailed the spot during the most part of the day, ended with a premium of about 13 points.

This was on account of fresh addition of long positions, particularly during the closing hours of trade. The Nifty September future added about 15.7 lakh shares in open interest and ended at 4361 against the spot close of 4348.5.

Among the options, Nifty 4400 call and 4300 put were the most active. The trading pattern suggests the emergence of put writers in 4300 and 4200 strike and call writers at 4400. This indicates that Nifty faces support at 4300 and resistance at 4400 level. The Nifty 4300 call saw an accumulation of about 18.42 lakh shares.

India VIX, the fear gauge which measures the immediate expected volatility of the market, declined marginally to 31.28 against Friday’s close of 31.67.

Reliance Industries and Reliance Capital were the most actively traded counters. Punj Lloyd hogged the limelight with its future jumping 3.41 per cent at 313.7 against the spot close of 310.35. It added about 14.58 lakh shares in open interest.

Reliance Petroleum future closed with a gain of 0.76 per cent at 159.7 against the spot close of 158.4 and added about 4 lakh shares in open interest.

SBI and ICICI Bank also saw sharp accumulation in open interest positions – the former added about 6 lakh shares, the latter 8.9 lakh shares. While SBI future ended at 1427.9 against the spot close of 1415.6, the latter finished at 673.45 against the spot close of 665.

Overseas investors remained net buyers to the tune of Rs 129 crore in the F&O segment on Monday. While they were net sellers 200 crore in index futures, they remained net buyers in index options worth Rs 298.6 crore.

More Stories on : Derivatives Markets | On the hedge

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line