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Our Bureau

Chennai, Nov. 24

Trading volumes remained moderate only at Rs 46,218.94 crore in the F&O segment on the NSE on Monday against Friday’s volume of 47696.14 crore. Generally during the expiry week, trading volumes tend to be higher. The low volume indicates lack of interest in the market.

The Nifty November futures closed at 2716.6, a premium of about eight points over the spot close of 2708.25. It added 37.87 lakh shares in open interest; The Nifty December future closed at 2720.35, a premium of about 13 points over the spot close of 2708.25. The December future added about 55.16 lakh shares and most of them were on the long side.

Rollover of Nifty future picked up to 25 per cent, while stock futures saw a shared higher at 27-30 per cent.

Among the options 2800, 2700 and 2600 strikes (of both puts and calls) remained active. With the market ending on flat note amid volatile trading conditions, both call and puts value and open interest positions ahead of expiry.

India VIX or NSE Volatility index, which measures the expected immediate volatility of the Nifty, remained firm above 60 point mark. It closed with a marginal loss at 62.81 against the previous day’s close of 64.46.

Reliance, SBI and NTPC were the top three traded counters. While NTPC saw short-covering, Reliance Industries witnessed accumulation of long positions even in November series. SBI, on the other hand, saw accumulation of short positions.

Most of the pivotals saw rollover of short positions into next month series. Among them were Reliance Industries, NTPC, SBI, Infosys Technologies, ICICI Bank, Bharti Airtel, BHEL and Reliance Capital.

Foreign institutional investors’ were net buyers to the tune of Rs 323.59 crore. Though were net buyers in index futures by Rs 646.75 crore, they were net sellers in index options (Rs 162.85 crore) and stock futures (Rs 175.97 crore).

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