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Our Bureau

Chennai, Oct. 16 Turnover rose sharply to Rs 55,822.72 crore in the F&O segment amid volatile trading session on the NSE on Thursday against Wednesday’s turnover of Rs 43,996.07 crore. Turnover data suggests there was marked improvement in index futures and index options trading. The market recovered sharply on account of short-covering both in index as well as index heavyweight stock futures.

The Nifty October future closed at 3269.9, almost on par with Nifty spot, which ended at 3269.3. The Nifty future added about 17.82 lakh shares in open interest. The Nifty November future ended at 3295 and the rollover on Nifty contracts stood at 11 per cent. The wider premium on Nifty November future indicates that most of the positions rolled over were on the long side.

Among the options, Nifty 3100 put was the most active followed by 3400 and 3500 call. The Nifty 3100 put added about 11 lakh shares in open interest while the 3400 call shed 2.10 lakh shares. However, 3500 and 3300 have accumulated sharp open interest positions.

India VIX or NSE Volatility index inched up to 47.81 against Wednesday’s close of 46.07.

Reliance was the most active followed by SBI and ICICI Bank. Most stock futures still remain in discount with respect to the spot closes. Prominent among them were Reliance Capital, Larsen & Toubro, DLF and Reliance Petroleum.

Reliance Petroleum also shed 7.2 lakh shares in open interest and closed at Rs 111.3 against the spot close of Rs 112.4.

However, contracts on ICICI Bank, State Bank of India and L&T witnessed huge accumulation in open interest positions.

Reliance Industries October future closed at 1390.95 against the spot close of 1391.95. It, however, added about 3.81 lakh shares in open interest, most of which are on the short side.

RCom, which gained sharply today, added about 6.8 lakh shares in open interest but ended in discount at Rs 253.9 against the spot close of Rs 258.6.

More Stories on : Derivatives Markets | On the hedge

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