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Our Bureau

Chennai, Sept. 17 Turnover remained moderate on Wednesday at Rs 58,546.48 crore in the F&O segment on the NSE against Tuesday’s figure of Rs 56,509 crore.

The Nifty September future surrendered its premium with respect to the spot close on account of unwinding of long positions. Fresh short positions have also been initiated, particularly during the closing hours of trading.

The September future ended the day at 4009 against the spot close of 4008.25 and added about 18.67 lakh shares in open interest positions.

Among the options, Nifty 4100 call added about 21.45 lakh shares and 4300 call 10.2 lakh shares. On the other hand, the Nifty 4000 put saw an accumulation of 5.95 lakh shares in open interest. This suggests the strong emergence of call writers and Nifty might face stiff resistance even at 4100 level.

India VIX or NSE Volatility index (the fear gauge which measures the immediate expected volatility of the market) closed a tad weaker at 33.9 (34.9) after touching a high of 66.09 during intra-day.

Reliance Industries was the most active.

State Bank of India added fresh short positions in today’s trade. The SBI September future ended at 1509 against the spot close of 1530.8, while it added about 5.56 lakh shares.

ICICI September future added 28.28 lakh shares, most of which are short positions; it closed at 563 over the spot close of 560.5.

Infosys Technologies September future shed about 1.35 lakh shares in open interest and ended at 2505 against the spot close of 1579, indicating lack of investor confidence on it. The other IT major Satyam Computer also saw accumulation of short positions.

Reliance Petroleum continued to shed open interest. It shed about 21.02 lakh shares on Wednesday too.

Foreign institutional investors were net buyers to the tune of Rs 382.8 crore on Wednesday, even as they were net sellers in the cash segment by Rs 1,064.17 crore.

More Stories on : Derivatives Markets | On the hedge

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