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Our Bureau

Chennai, Jan. 1 The Nifty future jumped sharply on the New Year day, but the F&O segment witnessed low trading volumes of Rs 22,397.66 crore.

The Nifty Jan future closed at 3040.5 against the spot close of 3033.45; it added about 15 lakh shares in open interest positions.

Among the call options, Nifty 3000, 3100 and 2900 strikes were the most active while 2900, 3000 and 2800 strikes were most actively traded among puts. The 3000 and 3100 call options witnessed decline open interest positions. This indicates that traders are not that convinced on the current rally and are booking profits instead. On the other hand, Nifty puts witnessed steady accumulation in open interest positions, may be as a hedging strategy.

Speculative counters such as RNRL, Suzlon and Reliance Petroleum Ltd witnessed sharp activity. They also accumulated heavily in open interest positions. On other hand, index heavyweights such as Reliance Industries, Infosys, ICICI Bank and DLF shed open interest positions.

Satyam Computer Jan future saw a drop of 3.78 lakh shares in open interest positions and it closed at 181.45 against the spot close of 181.7.

More Stories on : Derivatives Markets | On the hedge

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