• 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, Dec. 2

Trading volumes inched up to Rs 33,471.48 crore in the F&O segment on the NSE on Tuesday against Monday’s turnover of Rs 32,155.44 crore. The NSE Nifty future as well as stock futures saw short-covering, particularly post noon. They also saw accumulation of long positions, during the closing hours.

The Nifty December future closed with a marginal discount at 2654 against the spot close of 2657.8. It added about 26.31 lakh shares in open interest, most of them on the long side.

Among the options, Nifty 2500 and 2800 call were the most active. The other active options were Nifty 2600 put and 2900 call. The 2900 call shed about 1.5 lakh shares in open interest positions which suggest emergence of call writers. This means the Nifty faces strong resistance at 2900 levels.

The Nifty volatility index or India VIX, which measures the immediate expected volatility on Nifty slipped to 54.3 from Monday’s 55.36.

Reliance, SBI and NTPC were the top three traded counters.

DLF saw accumulation of long positions. It added about 3.28 lakh shares in open interest and closed at 183.3 against the spot close of 181.95.

However, BHEL witnessed accumulation of short positions. IT added about 4.51 lakh shares and closed at 1267 against the spot close of 1274.75.

NTPC saw accumulation of 41.64 lakh shares and it closed at 157.15 against the spot close of 160.15.

Foreign institutional investors remained net sellers to the tune of Rs 50.92 crore. They were net sellers in index futures by Rs 138.17 crore and on stock futures by Rs 116.01 crore. However, they were net buyers in index options by Rs 206.3 crore.

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