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Our Bureau

Chennai, Nov. 20 Amid weak market, turnover tumbled to Rs 37,983.83 crore on Thursday against Wednesday’s figure of Rs 41,656.37 crore.

The NSE Nifty future closed at 2574, in premium over the spot close of 2553.15. Lot of short-covering was seen during the closing hours, which lifted the index future. Accumulation of long positions was also seen. The NSE November future added about 21.91 lakh shares in open interest positions.

Among the options, Nifty 2500 put and 2600 call were the most active. While 2700 call shed 4.13 lakh shares (or16 per cent), the Nifty 2600 put witnessed unwinding of 7.38 lakh shares (or 35 per cent). This indicates profit booking for these option buyers.

India VIX or NSE volatility index, which has been declining in the past two days, moved up to 65.15 points against Wednesday’s close of 60.84.

Reliance was the most active followed by SBI and Bharti Airtel. Reliance Industries and Infosys Technologies saw sharp short-covering. On the other hand, State Bank of India, Bharti Airtel added long positions.

SBI November future closed at 1110 against the spot close of 1087.1 and added about 3.17 lakh shares in open interest. Bharti Airtel accumulated about 2.57 lakh shares and closed at 594.1 against the spot close of 592.

The other counters which saw accumulation of long position include Reliance Capital, DLF and HDFC Bank.

On the other hand, momentum counters such as Chambal Fertilizers and RNRL witnessed short built-up.

Foreign institutional investors have offloaded shares worth Rs 874.12 crore in the F&O segment on the NSE. They were net sellers in index futures by Rs 743.13 crore and on stock futures by Rs 310.15 crore. FIIs were, however, net buyers in index options to the tune of Rs 199.22 crore.

More Stories on : Derivatives Markets | On the hedge

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