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Our Bureau

Chennai, Sept. 29 Turnover witnessed market improvement to Rs 55,905.71 crore in the F&O segment on the NSE on Monday against Friday’s figure of Rs 44,297.14 crore. The NSE October future closed at 3880.4, a premium of about 30 points over the spot close of 3850.05. The October future added 35.19 lakh shares (or 13 per cent) in open interest though the un-matched bid/ask order book on the NSE suggests most of the additions were on the short side.

Among the options, Nifty 3800 put and Nifty 4000, 4200 and 4100 call were the most active. Call options witnessed quite a sharp accumulation in open interest position. The un-matched order book on calls suggests that most of the accumulation was genuine buying. This indicates that quite a few traders expected a bounce back from current levels.

Despite severe fall, the NSE volatility index or India VIX moved in a narrow range of 37.84-32.26 and closed at 34.90 against the previous week’s close of 33.96.

Reliance Industries was the most active followed by ICICI Bank and Reliance Capital.

Though most of the counters ended in premium with respect to their spot close, accumulation of open interest positions for them was on the short side only.

Capital goods stocks such as L&T, BHEL and NTPC added short positions. While L&T Oct future closed at 2356.8, the spot ended at 2347.25 and it added about 4.13 lakh shares. BHEL, however, shed 78,975 shares or 3.46 per cent in open interest positions; it ended at 1529 against the spot close of 1512.6.

The NTPC October future added about 9.71 lakh shares or 3.59 per cent and closed at 166.75 against the spot close of 166.25.

Foreign institutional investors have offloaded about Rs 300 crore in the F&O segment on Monday. They were net sellers of index futures by Rs 480.27 crore and on stock futures by Rs 65.69 crore. They were net buyers in index options to the tune of Rs 233.43 crore.

More Stories on : Derivatives Markets | On the hedge

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