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Our Bureau

Chennai, Nov. 17 Trading volumes remained dull at Rs 41,086.89 crore in the F&O segment on Monday against Friday’s volume of Rs 41,483.17 crore. The NSE November future closed in discount at 2795.35 against the spot close of 2799.55. It added about 41.75 lakh shares in open interest. The un-matched bid/ask order book also suggests positive bias towards Nifty future while cost-of-carry also turned positive. Monday’s trading also witnessed short covering.

Among the options Nifty 2700 put and 3000 call were the most active. The 2700 and 2800 put shed open interest positions. Though 3000 call added about 5.74 lakh shares in open interest positions. The un-matched bid/ask order book suggests most of them on the sell side. This indicates that Nifty might move in 3000 and 2700 range.

India VIX or NSE Volatility index touched all-time 85.13 points. Volatility Index is a measure, of the amount by which an underlying Index is expected to fluctuate, in the near term.

Reliance Industries, SBI and ICICI Bank were the top traded counters. Counters such as Reliance, SBI, Bharti Airtel, HDFC Bank, DLF and Reliance Capital ended in discount to the spot close, indicating that accumulation of short positions.

Among them, HDFC Bank November future ended with sharp discount at 925.5 against the spot close of 936.45. It added about 3 lakh shares.

Among the counters which saw sharp accumulation in open interest positions were ICICI Bank (11.87 lakh shares), NTPC (21.93 lakh shares), DLF (18.12 lakh shares) and ONGC (7.07 lakh shares).

Foreign institutional investors remained net sellers to the tune of Rs 106 crore in the F&O segment on Monday. Though they were net buyers in index futures, they were sellers in index options, stock futures and stock options. In the cash segment, also overseas investors remained net sellers to the tune of Rs 521.26 crore.

More Stories on : Derivatives Markets | On the hedge

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