• 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. 11 Trading volume slipped sharply to Rs 38,606 crore against Wednesday’s Rs 43,598 crore in the F&O segment on the NSE. The Nifty December future closed at 2925.55, a premium of about five points over the Nifty close of 2920.15.

It added about 21.93 (or 5.7 per cent) in open interest positions; but the un-matched bid/ask order book suggests most of the accumulations were on the short side. Cost-of-carry also turned into negative.

Among the options, Nifty 3000 and 2900 call and 2800 and 2900 puts were the most actively traded contracts. While calls witnessed sharp accumulation in open interests, the Nifty 2900 put shed about 92,250 contracts in open interest positions. This indicates that Nifty might face stiff resistance at 2900 level.

The NSE Volatility Index or India VIX improved to 51.75 from the previous day’s close of 50.36. This indicates that traders are expecting volatile trading in the days ahead.

Reliance Industries was the most active followed by SBI and DLF. However, today’s trading saw several individual stock futures shed open interest positions. Prominent among them were SBI, DLF, NTPC, Reliance Communications and ICICI Bank.

However, RNRL was the star performer. The RNRL December future gained 28 per cent to end at 56 against the spot close of 54.8. It added about 64.33 lakh shares (or 60.42 per cent) in open interest positions.

Reliance Petroleum also saw accumulation of 21.44 lakh shares (7 per cent) in open interest positions and closed at 84.5 against the spot close of 84.05.

The accumulation of open interest on Reliance Industries, Bharti Airtel and Reliance Capital was quite insignificant.

Foreign institutional investors remained net buyers to the tune of Rs 619.95 crore in the F&O segment on Thursday. They were net buyers in index futures (Rs 636.09 crore) but offloaded Rs 52.84 crore in stock futures.

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