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Our Bureau

Chennai, Oct. 15 Trading volume remained moderate at Rs 43,996.07 crore in the F&O segment on the NSE on Wednesday against Tuesday’s volume of 47,278 crore. The Nifty October future ended at 3342.8, a small premium over the Nifty spot close of 3338.4. It also shed open interest positions, indicating that traders turned cautious.

Among the options, Nifty 3400 put was the most active followed by 3600 and 3500 calls. While the put shed open interest the calls witnessed accumulation in open interests. However, the un-matched bid-ask order book suggests most of the additions on the sell side, indicating the emergence of call writers.

Wednesday also saw sharp spurt in activity Nifty 3100 put. It added about 4.44 lakh share (or 56 per cent), while Nifty 3400 put saw some shedding. This indicates that traders are switching over from 3400 put to 3100 strike, as they expect more fall on Nifty.

The NSE Volatility index or India VIX also increased to 46.07 against the previous day’s close of 44.71.

Reliance was the most active followed by SBI and Reliance Capital.

Most of the counters saw accumulation of short positions.

SBI October future closed the day in sharp discount at 1479.6 against the spot close of 1500.15 and added about 3.18 lakh shares in open interest, most of which were on the short side.

NTPC was also one among them. It’s October future added about 16.6 lakh shares and it ended at Rs 167.25 against the spot close of 167.3.

BHEL October future also saw sharp additions of short positions, as it ended at 1385 against the spot close of 1397.75.

L&T, which announced its Q2 numbers, finished at 895 against the spot close of 895.6, indicating short positions.

Overseas investors remained net buyers albeit only to the extent of Rs 36.28 crore in the F&O segment on Wednesday.

More Stories on : Derivatives Markets | On the hedge

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