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Chennai, Nov. 4 Trading volumes continued to be low at the F&O segment on the NSE at Rs 33,758.52 crore against Monday’s turnover of Rs 34,114 crore. The Nifty November future premium widened quite sharply to about 25 points against just about 2 points it commanded at Monday’s close. It added about 30 lakh shares in open interest. Cost-of-carry also turned positive.

Among the options, Nifty 3200, 3400, 3300 calls and 2800, 3000 and 2900 put were the most active. Among them, Nifty 3400 call added about 4.75 lakh shares in open interest. On the other hand, puts saw sharp additions in open interest. The un-matched bid/ask order book suggests the presence of put writers, indicating that Nifty could face strong support.

The NSE Volatility or India VIX ended lower at 62.15 against the previous day’s close of 67.84. Though the index, which measures the immediate expected volatility, weakened a bit, it still rules at higher level.

Reliance Industries, SBI and Infosys were the most active traded counters. However, it was Suzlon that stole the limelight. The counter ended at 55.3 against the spot price close of 55.4, but added 79.3 lakh shares in open interest positions.

Tata Steel was the other counter that saw sharp surge in open interest positions. It added about 14.75 lakh shares in open interest and closed at Rs 239.9 against the spot close of 239.7.

Infosys Technologies added about 2.6 lakh shares in open interest positions and closed at 1345.1 against the spot close of 1331.9.

The un-matched bid/ask order book skewed in favour of buyers, indicating positive bias for most stock futures.

Foreign investors remained net buyers to the tune of Rs 664.47 crore in the F&O segment on the NSE on Tuesday. They were net buyers on index futures by Rs 604.99 crore in index futures. However, they were net sellers in the cash segment marginally by Rs 15.61 crore.

More Stories on : Derivatives Markets | Power | On the hedge

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