• 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, Nov. 5 Amid falling market, turnover improved in the F&O segment to Rs 38,500.94 crore on Wednesday against Tuesday’s turnover of Rs 33,758 crore. Today’s trading also witnessed accumulation of short positions both on index and individual stock futures. The Nifty November future closed in discount at 2973 against the spot close of 2994.95. It, added about 32 lakh shares (or 10 per cent), most of which were on the short side.

Among the options, Nifty 3200 and 3300 calls and Nifty 3000, 2800 and 2900 puts were the most active. Today’s trading saw accumulation of fresh put positions, particularly Nifty 3000 put witnessed spurt in open interest positions. On the other hand, Nifty 3200 call added about 6.59 lakh shares (or 35 per cent) in open interest positions, most of which were on the short side. The un-matched order book on the NSE, suggests call writers have emerged at 3200. This indicates that Nifty might face strong resistance at this level.

India VIX or NSE Volatility Index jumped to 66.75 against Tuesday’s value of 62.15, indicating underlying nervousness in the market.

Reliance, SBI and ICICI Bank were the most active counters. Most of the counters ended in discount with respect to their spot closes, indicating accumulation of short positions.

Counters such as State Bank of India and Reliance Petroleum witnessed unwinding of long positions.

Among the active counters, which ended the day in discount were Reliance Industries, Infosys Technologies, Reliance Capital, Bharti Airtel and DLF.

BHEL, though ended with loss, added about 3.84 lakh shares in open interest. The un-matched bid/ask order book indicates genuine accumulation.

Overseas investors remained net buyers to the tune of Rs 911.73 crore on Wednesday. They were net buyers in index future (Rs 606 crore) and stock future (Rs 322.57 crore) but were net sellers in index options (Rs 23.72 crore). In the cash segment also, they were net buyers to the tune of Rs 216.4 crore, according to provisional data.

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