• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• 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, Oct. 21 Turnover dipped marginally to Rs 49,845 crore in the F&O segment on Tuesday against Monday’s Rs 51,272.3 crore. The NSE October future closed firm at 3241.95 against the spot close of 3234.9. The November future ended with higher premium at 3265. The rollover of open positions to November future was 18 per cent, which is quite normal considering the previous occasions.

Among the options, Nifty Oct 3300 and 3200 calls and Nifty Oct 3100 and 3200 puts were the most active. While puts saw sharp jump in open interest positions, calls witness marginal accumulation. However, the un-matched bid/ask order book suggests that put writers have emerged at 3100 and 3200 strikes, which means Nifty could face strong support around these levels.

Quite interestingly, Nifty November 2900, 3100 and 3000 puts turned active, indicating downward bias for next month as well. Nifty 2900, particularly, saw sharp accumulation of 4.92 lakh shares in open interest.

India VIX or NSE Volatility continues to rule above 50. It closed marginally lower at 56 against Monday’s close of 57.13.

Reliance Industries was the most active followed by SBI, ICICI Bank. Among the stock futures, NTPC continued to see sharp accumulation of open interest positions. It added about 16 lakh shares and ended at 153.1 against the spot close of 152.45. The other counters which saw sharp accumulations, include SBI (4.69 lakh shares), L&T (6.74 lakh shares) and Reliance Capital (3.09 lakh shares).

However, Reliance Petroleum, ICICI Bank and Bharti Airtel witnessed drop in open interest positions.

Reliance Petroleum has been shedding open interest positions in the last few days. On Tuesday, it shed about one lakh shares and ended at 106.65 against the spot close of 106.55.

The un-matched bid/ask order book indicates that capital goods counters L&T and BHEL added short positions. However, Infosys Technologies saw accumulation of long positions.

Foreign institutional remained net buyers in the F&O segment. On Tuesday, they were net buyers to the tune of Rs 914.78 crore. They were net buyers in index futures (Rs 607.94 crore) and stock futures (Rs 391.59 crore). They were net sellers in index options by Rs 74.36 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